Notice of Public Hearing for House Bill 1539
Office of the Governor / Office of Financial Management sent this bulletin at 03/09/2021 03:47 PM PST
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HB 1539, titled AN ACT Relating to narrowing the business and occupation tax deduction, and sales and use tax credit and refund, for bad debts available to sellers, has been scheduled for a public hearing by the House Committee on Finance.
Date and Time: 03/11/2021 8:00AM (Subject to change by the Legislature.)
Location: , Virtual, ,
The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.
Ten-year projection:
|
Fiscal |
B&O Tax |
Retail Sales Tax |
Total |
|
|
|
||||
|
2022 |
$ 1,562,000 |
$ 16,132,000 |
$ 17,694,000 |
|
|
2023 |
1,641,000 |
16,946,000 |
$ 18,587,000 |
|
|
2024 |
1,710,000 |
17,663,000 |
$ 19,373,000 |
|
|
2025 |
1,783,000 |
18,409,000 |
$ 20,192,000 |
|
|
2026 |
1,858,000 |
19,185,000 |
$ 21,043,000 |
|
|
2027 |
1,936,000 |
19,995,000 |
$ 21,931,000 |
|
|
2028 |
2,018,000 |
20,838,000 |
$ 22,856,000 |
|
|
2029 |
2,103,000 |
21,718,000 |
$ 23,821,000 |
|
|
2030 |
2,192,000 |
22,634,000 |
$ 24,826,000 |
|
|
2031 |
2,284,000 |
23,589,000 |
$ 25,873,000 |
|
|
|
||||
|
Total: |
$ 19,087,000 |
$ 197,109,000 |
$ 216,196,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Representative Noel Frame, Prime Sponsor
Democrat
(206) 962-5098
noel.frame@leg.wa.gov
House Committee on Finance members and contact information:
Representative April Berg
Democrat
(425) 939-8423
April.Berg@leg.wa.gov
Representative Rob Chase
Republican
(360) 786-7984
Rob.Chase@leg.wa.gov
Representative Frank Chopp
Democrat
(206) 905-6681
frank.chopp@leg.wa.gov
Representative Jeremie Dufault
Republican
(509) 728-9174
DUFAULT_JE@leg.wa.gov
Representative Noel Frame
Democrat
(206) 962-5098
noel.frame@leg.wa.gov
Representative Kirsten Harris-Talley
Democrat
(206) 971-1222
Kirsten.Harris-Talley@leg.wa.gov
Representative Melanie Morgan
Democrat
(360) 786-7906
MORGAN_ME@leg.wa.gov
Representative Ed Orcutt
Republican
(360) 786-7990
Ed.Orcutt@leg.wa.gov
Representative Tina Orwall
Democrat
(253) 656-5265
tina.orwall@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Larry Springer
Democrat
(425) 947-8921
larry.springer@leg.wa.gov
Representative Drew Stokesbary
Republican
(253) 245-1963
drew.stokesbary@leg.wa.gov
Representative My-Linh Thai
Democrat
(206) 333-4107
THAI_MY@leg.wa.gov
Representative Brandon Vick
Republican
(564) 888-2271
brandon.vick@leg.wa.gov
Representative Amy Walen
Democrat
(425) 883-3366
WALEN_AM@leg.wa.gov
Representative Sharon Wylie
Democrat
(360) 786-7924
Sharon.Wylie@leg.wa.gov
Representative Jesse Young
Republican
(360) 786-7964
Jesse.Young@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp