Notice of Introduction for Senate Bill 5266 - Update: 10 Year Analysis Complete

Office of Financial Management

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SB 5266, titled AN ACT Relating to protecting public health and safety by enhancing the regulation of products sold to adults age 21 and over, has been introduced in the Senate. 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
Year

   Business & Occupation Tax

   Retail Sales and Use Tax

   Retail Sales Tax

   Vapor Product Delivery Sales License Additional Fee

   Vapor Product Manufacturer’s License Fee

   Vapor Tax

Total

 

2022

$ -85,000

$ -2,000

$ -1,170,000

$ 38,000

$ 55,750

$ -2,744,000

$ -3,907,250

2023

-200,000

-4,000

-2,753,000

38,000

55,750

-6,456,000

$ -9,319,250

2024

-196,000

-4,000

-2,698,000

38,000

55,750

-6,326,000

$ -9,130,250

2025

-192,000

-4,000

-2,644,000

38,000

55,750

-6,200,000

$ -8,946,250

2026

-188,000

-4,000

-2,591,000

38,000

55,750

-6,076,000

$ -8,765,250

2027

-184,000

-4,000

-2,539,000

38,000

55,750

-5,954,000

$ -8,587,250

2028

-181,000

-4,000

-2,488,000

38,000

55,750

-5,836,000

$ -8,415,250

2029

-177,000

-4,000

-2,439,000

38,000

55,750

-5,718,000

$ -8,244,250

2030

-173,000

-4,000

-2,390,000

38,000

55,750

-5,604,000

$ -8,077,250

2031

-170,000

-4,000

-2,342,000

38,000

55,750

-5,492,000

$ -7,914,250

 

Total:

$ -1,746,000

$ -38,000

$ -24,054,000

$ 380,000

$ 557,500

$ -56,406,000

$ -81,306,500


Ten-year projection prepared in consultation with the following agencies:

Department of Revenue
Liquor and Cannabis Board


Bill sponsors and contact information:

Senator Patty Kuderer, Prime Sponsor
Democrat
(360) 786-7694
patty.kuderer@leg.wa.gov

Senator Claire Wilson
Democrat
(360) 786-7658
WILSON_CL@leg.wa.gov

Senator Mona Das
Democrat
(360) 786-7692
DAS_MO@leg.wa.gov

Senator Manka Dhingra
Democrat
(360) 786-7672
Manka.Dhingra@leg.wa.gov

Senator Rebecca Saldaña
Democrat
(360) 786-7688
rebecca.saldana@leg.wa.gov

Senator Derek Stanford
Democrat
(360) 786-7600
Derek.Stanford@leg.wa.gov




Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp