Notice of Public Hearing for House Bill 1496 - Update: 10 Year Analysis Complete
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bill that raises taxes or fees is: introduced in either house; scheduled for a public hearing; approved by any legislative committee; or passed by either house of the Legislature.
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HB 1496, titled AN ACT Relating to creating a more progressive tax system in Washington by enacting an excise tax on sales and extraordinary profits of high valued assets, has been scheduled for a public hearing by the House Committee on Finance.
Date and Time: 02/11/2021 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 |
Business and Occupation Tax |
Capital Gains Tax |
Total |
|
|
||||
2022 |
$ |
$ |
$ |
|
2023 |
-105,000,000 |
940,000,000 |
$ 835,000,000 |
|
2024 |
-111,000,000 |
1,002,000,000 |
$ 891,000,000 |
|
2025 |
-114,000,000 |
1,026,000,000 |
$ 912,000,000 |
|
2026 |
-118,000,000 |
1,060,000,000 |
$ 942,000,000 |
|
2027 |
-122,000,000 |
1,097,000,000 |
$ 975,000,000 |
|
2028 |
-127,000,000 |
1,140,000,000 |
$ 1,013,000,000 |
|
2029 |
-132,000,000 |
1,187,000,000 |
$ 1,055,000,000 |
|
2030 |
-137,000,000 |
1,233,000,000 |
$ 1,096,000,000 |
|
2031 |
-143,000,000 |
1,283,000,000 |
$ 1,140,000,000 |
|
|
||||
Total: |
$ -1,109,000,000 |
$ 9,968,000,000 |
$ 8,859,000,000 |
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Representative Tana Senn, Prime Sponsor
Democrat
(360) 786-7894
tana.senn@leg.wa.gov
Representative Amy Walen
Democrat
(425) 883-3366
WALEN_AM@leg.wa.gov
Representative Lauren Davis
Democrat
(206) 673-3501
DAVIS_LA@leg.wa.gov
Representative Jesse Johnson
Democrat
(206) 333-2989
JOHNSON_JE@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Steve Bergquist
Democrat
(253) 214-3275
steve.bergquist@leg.wa.gov
Representative Nicole Macri
Democrat
(206) 333-4228
nicole.macri@leg.wa.gov
Representative Mia Gregerson
Democrat
(253) 981-6278
mia.gregerson@leg.wa.gov
Representative Tarra Simmons
Democrat
(360) 930-8127
Tarra.Simmons@leg.wa.gov
Representative Mike Sells
Democrat
(360) 255-0152
mike.sells@leg.wa.gov
Representative Strom Peterson
Democrat
(564) 888-2336
strom.peterson@leg.wa.gov
Representative Jessica Bateman
Democrat
(360) 545-9513
jessica.bateman@leg.wa.gov
Representative Liz Berry
Democrat
(206) 709-5260
Liz.Berry@leg.wa.gov
Representative Debra Lekanoff
Democrat
(360) 419-5266
LEKANOFF_DE@leg.wa.gov
Representative Noel Frame
Democrat
(206) 962-5098
noel.frame@leg.wa.gov
Representative Joe Fitzgibbon
Democrat
(564) 888-2362
joe.fitzgibbon@leg.wa.gov
Representative Davina Duerr
Democrat
(425) 318-1303
DUERR_DA@leg.wa.gov
Representative David Hackney
Democrat
(206) 490-0914
David.Hackney@leg.wa.gov
Representative Vandana Slatter
Democrat
(425) 458-7240
vandana.slatter@leg.wa.gov
Representative Steve Kirby
Democrat
(360) 786-7996
Steve.Kirby@leg.wa.gov
Representative My-Linh Thai
Democrat
(206) 333-4107
THAI_MY@leg.wa.gov
Representative Frank Chopp
Democrat
(206) 905-6681
frank.chopp@leg.wa.gov
Representative Javier Valdez
Democrat
(206) 905-8739
javier.valdez@leg.wa.gov
Representative Marcus Riccelli
Democrat
(509) 866-4954
marcus.riccelli@leg.wa.gov
Representative Gerry Pollet
Democrat
(206) 307-0409
gerry.pollet@leg.wa.gov
Representative Timm Ormsby
Democrat
(360) 786-7946
timm.ormsby@leg.wa.gov
Representative Kirsten Harris-Talley
Democrat
(206) 971-1222
Kirsten.Harris-Talley@leg.wa.gov
Representative Monica Jurado Stonier
Democrat
(360) 786-7872
monica.stonier@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