Notice of Committee Passage for House Bill 1539
Office of the Governor / Office of Financial Management sent this bulletin at 04/01/2021 09:06 PM PDT
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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 passed by the House Committee on Finance. 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
The following legislators voted do pass:
Representative Frank Chopp
Democrat
(206) 905-6681
frank.chopp@leg.wa.gov
Representative Tina Orwall
Democrat
(253) 656-5265
tina.orwall@leg.wa.gov
Representative Sharon Wylie
Democrat
(360) 786-7924
Sharon.Wylie@leg.wa.gov
Representative Noel Frame
Democrat
(206) 962-5098
noel.frame@leg.wa.gov
Representative Melanie Morgan
Democrat
(360) 786-7906
MORGAN_ME@leg.wa.gov
Representative My-Linh Thai
Democrat
(206) 333-4107
THAI_MY@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Kirsten Harris-Talley
Democrat
(206) 971-1222
Kirsten.Harris-Talley@leg.wa.gov
Representative April Berg
Democrat
(425) 939-8423
April.Berg@leg.wa.gov
The following legislators voted do not pass:
Representative Ed Orcutt
Republican
(360) 786-7990
Ed.Orcutt@leg.wa.gov
Representative Larry Springer
Democrat
(425) 947-8921
larry.springer@leg.wa.gov
Representative Brandon Vick
Republican
(564) 888-2271
brandon.vick@leg.wa.gov
Representative Drew Stokesbary
Republican
(253) 245-1963
drew.stokesbary@leg.wa.gov
Representative Jeremie Dufault
Republican
(509) 728-9174
DUFAULT_JE@leg.wa.gov
Representative Amy Walen
Democrat
(425) 883-3366
WALEN_AM@leg.wa.gov
Representative Rob Chase
Republican
(360) 786-7984
Rob.Chase@leg.wa.gov
Not voting:
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