Notice of Committee Passage for Second Substitute Senate Bill 5315
Office of the Governor / Office of Financial Management sent this bulletin at 04/01/2021 09:34 PM PDT
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2SSB 5315, titled AN ACT Relating to captive insurance, 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 |
Captive Insurer registration fee |
Captive Insurer registration renewal fee |
Insurance Premium tax |
Total |
|
|
|
|||||
|
2022 |
$ 127,500 |
$0 |
$ 31,740,000 |
$ 31,867,500 |
|
|
2023 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2024 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2025 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2026 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2027 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2028 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2029 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2030 |
0 |
127,500 |
2,200,000 |
$ 2,327,500 |
|
|
2031 |
0 |
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 following legislators voted do pass:
Representative Frank Chopp
Democrat
(206) 905-6681
frank.chopp@leg.wa.gov
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 Tina Orwall
Democrat
(253) 656-5265
tina.orwall@leg.wa.gov
Representative Sharon Wylie
Democrat
(360) 786-7924
Sharon.Wylie@leg.wa.gov
Representative Brandon Vick
Republican
(564) 888-2271
brandon.vick@leg.wa.gov
Representative Noel Frame
Democrat
(206) 962-5098
noel.frame@leg.wa.gov
Representative Jeremie Dufault
Republican
(509) 728-9174
DUFAULT_JE@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 Amy Walen
Democrat
(425) 883-3366
WALEN_AM@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Rob Chase
Republican
(360) 786-7984
Rob.Chase@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 to refer the bill without recommendation:
Representative Drew Stokesbary
Republican
(253) 245-1963
drew.stokesbary@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