Notice of Introduction for Senate Bill 5548 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 05/09/2023 10:48 AM PDT
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SB 5548, titled AN ACT Relating to vehicle service fees, 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 |
Capital Vessel Replacement |
|
|
|
||
|
2024 |
$6,849,800 |
|
|
2025 |
$6,981,800 |
|
|
2026 |
$7,077,100 |
|
|
2027 |
$13,237,600 |
|
|
2028 |
$13,301,800 |
|
|
2029 |
$13,399,100 |
|
|
2030 |
$20,936,400 |
|
|
2031 |
$21,069,800 |
|
|
2032 |
$21,034,500 |
|
|
2033 |
$29,893,100 |
|
|
|
||
|
Total: |
$153,781,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Licensing
Bill sponsors and contact information:
Senator Jeff Wilson, Prime Sponsor
Republican
(360) 786-7636
Jeff.Wilson@leg.wa.gov
Senator Phil Fortunato
Republican
(360) 786-7660
phil.fortunato@leg.wa.gov
Senator John Lovick
Democrat
(360) 786-7686
john.lovick@leg.wa.gov
Senator Derek Stanford
Democrat
(360) 786-7600
derek.stanford@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp