Notice of Public Hearing for Second Substitute Senate Bill 5315
Office of the Governor / Office of Financial Management sent this bulletin at 03/21/2021 10:14 PM PDT
You are receiving this email as a subscriber to the Initiative 960 email list. RCW 43.135.031 (I-960) requires that notices be sent each time a
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.
Please note: This email message was sent from a notification-only address. Please do not reply to this message.
2SSB 5315, titled AN ACT Relating to captive insurance, has been scheduled for a public hearing by the House Committee on Consumer Protection & Business.
Date and Time: 03/22/2021 1:30PM (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 |
Captive Insurer registration fee |
Captive Insurer registration renewal fee |
Insurance Premium tax |
Total |
|
|
|
|||||
|
2022 |
$ 127,500 |
$ |
$ 31,740,000 |
$ 31,867,500 |
|
|
2023 |
127,500 |
2,200,000 |
$ 2,327,500 |
||
|
2024 |
127,500 |
2,200,000 |
$ 2,327,500 |
||
|
2025 |
127,500 |
2,200,000 |
$ 2,327,500 |
||
|
2026 |
127,500 |
2,200,000 |
$ 2,327,500 |
||
|
2027 |
127,500 |
2,200,000 |
$ 2,327,500 |
||
|
2028 |
127,500 |
2,200,000 |
$ 2,327,500 |
||
|
2029 |
127,500 |
2,200,000 |
$ 2,327,500 |
||
|
2030 |
127,500 |
2,200,000 |
$ 2,327,500 |
||
|
2031 |
127,500 |
2,200,000 |
$ 2,327,500 |
||
|
|
|||||
|
Total: |
$ 127,500 |
$ 1,147,500 |
$ 51,540,000 |
$ 52,815,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Office of Insurance Commissioner
The second substitute bill was proposed by:
Senate Committee on Ways & Means
(360) 786-7715
The original bill sponsors and contact information are:
Senator Mark Mullet, Prime Sponsor
Democrat
(360) 786-7608
mark.mullet@leg.wa.gov
Senator Perry Dozier
Republican
(360) 786-7630
Perry.Dozier@leg.wa.gov
House Committee on Consumer Protection & Business members and contact information:
Representative Chris Corry
Republican
(509) 571-1048
CORRY_CH@leg.wa.gov
Representative Jeremie Dufault
Republican
(509) 728-9174
DUFAULT_JE@leg.wa.gov
Representative Steve Kirby
Democrat
(360) 786-7996
Steve.Kirby@leg.wa.gov
Representative Cindy Ryu
Democrat
(206) 307-0769
cindy.ryu@leg.wa.gov
Representative Sharon Tomiko Santos
Democrat
(360) 786-7944
sharontomiko.santos@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
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp