Notice of Introduction for Substitute Senate Bill 5447 - 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 05/08/2023 02:08 PM PDT
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SSB 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 |
($300,000) |
$453,739 |
$0 |
$0 |
($40,000) |
$113,739 |
|
|
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: |
($6,100,000) |
$4,814,316 |
($15,180,000) |
($4,300,000) |
($14,493,000) |
($35,258,684) |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Department of Ecology
The substitute bill was proposed by:
Senate Committee on Environment, Energy & Technology
(360) 786-7406
The original bill sponsors and contact information are:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp