Notice of Introduction for Senate Bill 5309 - 10 Year Analysis Complete
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SB 5309, titled AN ACT Relating to eliminating the state public utility tax deduction for the instate portion of interstate transport of petroleum products and crude oil, has been introduced in the Senate. 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 |
Public utility tax |
|
|
||
2024 |
$590,000 |
|
2025 |
$920,000 |
|
2026 |
$950,000 |
|
2027 |
$990,000 |
|
2028 |
$1,020,000 |
|
2029 |
$1,060,000 |
|
2030 |
$1,100,000 |
|
2031 |
$1,140,000 |
|
2032 |
$1,180,000 |
|
2033 |
$1,220,000 |
|
|
||
Total: |
$10,170,000 |
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Senator Liz Lovelett, Prime Sponsor
Democrat
(360) 786-7678
liz.lovelett@leg.wa.gov
Senator Christine Rolfes
Democrat
(360) 786-7644
christine.rolfes@leg.wa.gov
Senator Bob Hasegawa
Democrat
(360) 786-7616
bob.hasegawa@leg.wa.gov
Senator Sam Hunt
Democrat
(360) 786-7642
Sam.Hunt@leg.wa.gov
Senator Karen Keiser
Democrat
(360) 786-7664
karen.keiser@leg.wa.gov
Senator Joe Nguyen
Democrat
(360) 786-7667
NGUYEN_JO@leg.wa.gov
Senator T'wina Nobles
Democrat
(360) 786-7654
T'wina.Nobles@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp