Notice of Completion: The 10 Year Analysis for Senate Bill 5952 is Complete
Office of the Governor / Office of Financial Management sent this bulletin at 03/24/2022 12:33 PM PDT
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UPDATE: The 10 year analysis for SB 5952, titled AN ACT Relating to creating pathways to recovery from addiction by eliminating an obsolete tax preference for the warehousing of opioids and other drugs, has been completed. 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 |
|
|
|
||
|
2022 |
$0 |
|
|
2023 |
$12,200,000 |
|
|
2024 |
$30,500,000 |
|
|
2025 |
$31,800,000 |
|
|
2026 |
$33,100,000 |
|
|
2027 |
$34,500,000 |
|
|
2028 |
$35,900,000 |
|
|
2029 |
$37,400,000 |
|
|
2030 |
$38,900,000 |
|
|
2031 |
$40,600,000 |
|
|
|
||
|
Total: |
$294,900,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Senator Reuven Carlyle, Prime Sponsor
Democrat
(360) 786-7670
Reuven.Carlyle@leg.wa.gov
Senator Bob Hasegawa
Democrat
(360) 786-7616
bob.hasegawa@leg.wa.gov
Senator Rebecca Saldaña
Democrat
(360) 786-7688
rebecca.saldana@leg.wa.gov
Senator Claire Wilson
Democrat
(360) 786-7658
WILSON_CL@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp