Notice of Committee Passage for Senate Bill 5034 5034-S AMH CRJ H1268.2 - Update: 10 Year Analysis Complete

Office of Financial Management

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SB 5034 5034-S AMH CRJ H1268.2, titled AN ACT Relating to nonprofit corporations, has been passed by the Senate Committee on Law & Justice. 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

   Charitable Asset Protection Fee

 

2022

$ 986,660

2023

1,029,580

2024

1,074,800

2025

1,122,500

2026

1,172,830

2027

1,225,880

2028

1,281,870

2029

1,340,970

2030

1,403,360

2031

1,469,180

 

Total:

$ 12,107,630


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

Office of the Secretary of State

The following legislators voted do pass:

Senator Mike Padden
Republican
(360) 786-7606
Mike.Padden@leg.wa.gov

Senator Jim McCune
Republican
(360) 786-7602
jim.mccune@leg.wa.gov

Senator Jeannie Darneille
Democrat
(360) 786-7652
DARNEILL_JE@leg.wa.gov

Senator Jamie Pedersen
Democrat
(360) 786-7628
jamie.pedersen@leg.wa.gov

Senator Jeff Holy
Republican
(360) 786-7610
jeff.holy@leg.wa.gov

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

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

Senator Keith Wagoner
Republican
(360) 786-7676
keith.wagoner@leg.wa.gov

Senator Jesse Salomon
Democrat
(360) 786-7662
SALOMON_JE@leg.wa.gov



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

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