Update: 10 Year Analysis Complete for House Bill 1505
Office of the Governor / Office of Financial Management sent this bulletin at 02/28/2023 08:46 PM PST
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UPDATE: The 10 year analysis for HB 1505, titled AN ACT Relating to promoting the alternative jet fuel industry in Washington, 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 - credits |
Business and occupation tax |
Clean Fuels Program Fee |
Public utility tax - credits |
Use Tax |
Total |
|
|
|
|||||||
|
2024 |
$0 |
$0 |
$581,537 |
$0 |
$0 |
$581,537 |
|
|
2025 |
$0 |
$0 |
$602,867 |
$0 |
$0 |
$602,867 |
|
|
2026 |
$0 |
$0 |
$453,739 |
$0 |
$0 |
$453,739 |
|
|
2027 |
$0 |
($400,000) |
$453,739 |
$0 |
($120,000) |
($66,261) |
|
|
2028 |
($1,740,000) |
($700,000) |
$453,739 |
($700,000) |
($1,102,000) |
($3,788,261) |
|
|
2029 |
($2,110,000) |
($800,000) |
$453,739 |
($700,000) |
($1,442,000) |
($4,598,261) |
|
|
2030 |
($2,350,000) |
($900,000) |
$453,739 |
($700,000) |
($1,893,000) |
($5,389,261) |
|
|
2031 |
($2,640,000) |
($800,000) |
$453,739 |
($700,000) |
($2,484,000) |
($6,170,261) |
|
|
2032 |
($3,000,000) |
($1,100,000) |
$453,739 |
($700,000) |
($3,255,000) |
($7,601,261) |
|
|
2033 |
($3,340,000) |
($1,500,000) |
$453,739 |
($800,000) |
($4,277,000) |
($9,463,261) |
|
|
|
|||||||
|
Total: |
($15,180,000) |
($6,200,000) |
$4,814,316 |
($4,300,000) |
($14,573,000) |
($35,438,684) |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Department of Ecology
Bill sponsors and contact information:
Representative Vandana Slatter, Prime Sponsor
Democrat
(360) 786-7936
vandana.slatter@leg.wa.gov
Representative Stephanie Barnard
Republican
(360) 786-7986
Stephanie.Barnard@leg.wa.gov
Representative Beth Doglio
Democrat
(360) 786-7940
beth.doglio@leg.wa.gov
Representative Mary Dye
Republican
(360) 786-7942
mary.dye@leg.wa.gov
Representative David Hackney
Democrat
(360) 786-7956
David.Hackney@leg.wa.gov
Representative Cyndy Jacobsen
Republican
(360) 786-7968
Cyndy.Jacobsen@leg.wa.gov
Representative Debra Lekanoff
Democrat
(360) 786-7800
LEKANOFF_DE@leg.wa.gov
Representative Marcus Riccelli
Democrat
(360) 786-7888
marcus.riccelli@leg.wa.gov
Representative Sam Low
Republican
(360) 786-7967
Sam.Low@leg.wa.gov
Representative Liz Berry
Democrat
(360) 786-7860
Liz.Berry@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Joe Fitzgibbon
Democrat
(360) 786-7952
joe.fitzgibbon@leg.wa.gov
Representative Alex Ybarra
Republican
(360) 786-7808
YBARRA_AL@leg.wa.gov
Representative Drew Stokesbary
Republican
(360) 786-7846
drew.stokesbary@leg.wa.gov
Representative Chris Corry
Republican
(360) 786-7810
CORRY_CH@leg.wa.gov
Representative Tina Orwall
Democrat
(360) 786-7834
tina.orwall@leg.wa.gov
Representative Peter Abbarno
Republican
(360) 786-7896
Peter.Abbarno@leg.wa.gov
Representative Mike Chapman
Democrat
(360) 786-7916
mike.chapman@leg.wa.gov
Representative Leonard Christian
Republican
(360) 786-7984
leonard.christian@leg.wa.gov
Representative Tom Dent
Republican
(360) 786-7932
tom.dent@leg.wa.gov
Representative Strom Peterson
Democrat
(360) 786-7950
strom.peterson@leg.wa.gov
Representative Timm Ormsby
Democrat
(360) 786-7946
timm.ormsby@leg.wa.gov
Representative Kristine Reeves
Democrat
(360) 786-7830
kristine.reeves@leg.wa.gov
Representative Dave Paul
Democrat
(360) 786-7914
PAUL_DA@leg.wa.gov
Representative Nicole Macri
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov
Representative Julia Reed
Democrat
(360) 786-7814
Julia.Reed@leg.wa.gov
Representative Mary Fosse
Democrat
(360) 786-7864
Mary.Fosse@leg.wa.gov
Representative Steve Tharinger
Democrat
(360) 786-7904
steve.tharinger@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp