Notice of Introduction for Senate Bill 5447 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 05/08/2023 02:06 PM PDT
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SB 5447, titled AN ACT Relating to promoting the alternative jet fuel industry in Washington, 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 |
Business and occupation tax |
Clean Fuels Program Fee |
Tax Credits - B&O tax |
Tax Credits - Public utility tax |
Use tax |
Total |
|
|
|
|||||||
|
2024 |
$0 |
$581,537 |
$0 |
$0 |
$0 |
$581,537 |
|
|
2025 |
$0 |
$602,867 |
$0 |
$0 |
$0 |
$602,867 |
|
|
2026 |
$0 |
$453,739 |
$0 |
$0 |
$0 |
$453,739 |
|
|
2027 |
($400,000) |
$453,739 |
$0 |
$0 |
($120,000) |
($66,261) |
|
|
2028 |
($700,000) |
$453,739 |
($1,740,000) |
($700,000) |
($1,102,000) |
($3,788,261) |
|
|
2029 |
($800,000) |
$453,739 |
($2,110,000) |
($700,000) |
($1,442,000) |
($4,598,261) |
|
|
2030 |
($900,000) |
$453,739 |
($2,350,000) |
($700,000) |
($1,893,000) |
($5,389,261) |
|
|
2031 |
($800,000) |
$453,739 |
($2,640,000) |
($700,000) |
($2,484,000) |
($6,170,261) |
|
|
2032 |
($1,100,000) |
$453,739 |
($3,000,000) |
($700,000) |
($3,255,000) |
($7,601,261) |
|
|
2033 |
($1,500,000) |
$453,739 |
($3,340,000) |
($800,000) |
($4,277,000) |
($9,463,261) |
|
|
|
|||||||
|
Total: |
($6,200,000) |
$4,814,316 |
($15,180,000) |
($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:
Senator Andy Billig, Prime Sponsor
Democrat
(360) 786-7604
andy.billig@leg.wa.gov
Senator Curtis King
Republican
(360) 786-7626
curtis.king@leg.wa.gov
Senator Joe Nguyen
Democrat
(360) 786-7667
NGUYEN_JO@leg.wa.gov
Senator Drew MacEwen
Republican
(360) 786-7668
drew.macewen@leg.wa.gov
Senator Mark Mullet
Democrat
(360) 786-7608
mark.mullet@leg.wa.gov
Senator Lisa Wellman
Democrat
(360) 786-7641
lisa.wellman@leg.wa.gov
Senator Chris Gildon
Republican
(360) 786-7648
GILDON_CH@leg.wa.gov
Senator Karen Keiser
Democrat
(360) 786-7664
karen.keiser@leg.wa.gov
Senator Sharon Shewmake
Democrat
(360) 786-7682
sharon.shewmake@leg.wa.gov
Senator John Lovick
Democrat
(360) 786-7686
john.lovick@leg.wa.gov
Senator Matt Boehnke
Republican
(360) 786-7614
BOEHNKE_MA@leg.wa.gov
Senator Judy Warnick
Republican
(360) 786-7624
judith.warnick@leg.wa.gov
Senator Emily Randall
Democrat
(360) 786-7650
RANDALL_EM@leg.wa.gov
Senator Steve Conway
Democrat
(360) 786-7656
steve.conway@leg.wa.gov
Senator Manka Dhingra
Democrat
(360) 786-7672
Manka.Dhingra@leg.wa.gov
Senator Perry Dozier
Republican
(360) 786-7630
Perry.Dozier@leg.wa.gov
Senator Marko Liias
Democrat
(360) 786-7640
marko.liias@leg.wa.gov
Senator Liz Lovelett
Democrat
(360) 786-7678
liz.lovelett@leg.wa.gov
Senator Rebecca Saldaña
Democrat
(360) 786-7688
rebecca.saldana@leg.wa.gov
Senator Derek Stanford
Democrat
(360) 786-7600
derek.stanford@leg.wa.gov
Senator Kevin Van De Wege
Democrat
(360) 786-7646
kevin.vandewege@leg.wa.gov
Senator Keith Wagoner
Republican
(360) 786-7676
keith.wagoner@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp