Notice of Introduction for House Bill 1194
Office of the Governor / Office of Financial Management sent this bulletin at 01/26/2023 05:21 PM PST
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HB 1194, titled AN ACT Relating to training, educating, and inspiring the next generation of the clean and renewable energy workforce, has been introduced in the House of Representatives. 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 |
Renewable energy production tax |
Retail Sales Tax |
Total |
|
|
|
||||
|
2024 |
$4,600,000 |
$10,320,000 |
$14,920,000 |
|
|
2025 |
$11,700,000 |
$28,480,000 |
$40,180,000 |
|
|
2026 |
$12,400,000 |
$32,730,000 |
$45,130,000 |
|
|
2027 |
$13,200,000 |
$37,630,000 |
$50,830,000 |
|
|
2028 |
$14,000,000 |
$43,270,000 |
$57,270,000 |
|
|
2029 |
$14,800,000 |
$49,750,000 |
$64,550,000 |
|
|
2030 |
$15,700,000 |
$57,190,000 |
$72,890,000 |
|
|
2031 |
$16,700,000 |
$65,760,000 |
$82,460,000 |
|
|
2032 |
$17,700,000 |
$75,600,000 |
$93,300,000 |
|
|
2033 |
$18,800,000 |
$86,930,000 |
$105,730,000 |
|
|
|
||||
|
Total: |
$139,600,000 |
$487,660,000 |
$627,260,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Representative Mark Klicker, Prime Sponsor
Republican
(360) 786-7836
Mark.Klicker@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp