Notice of Introduction for Senate Bill 5686 - Update: 10 Year Analysis Complete

Office of Financial Management

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SB 5686, titled AN ACT Relating to imposing a local sales tax wholly credited against the state sales tax to support programs for senior citizens, 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
Year

   Retail sales tax

 

2024

($1,990,000)

2025

($6,190,000)

2026

($6,400,000)

2027

($6,620,000)

2028

($6,860,000)

2029

($7,100,000)

2030

($7,360,000)

2031

($7,620,000)

2032

($7,890,000)

2033

($8,180,000)

 

Total:

($66,210,000)


Ten-year projection prepared in consultation with the following agencies:

Department of Revenue
Department of Commerce


Bill sponsors and contact information:

Senator John Braun, Prime Sponsor
Republican
(360) 786-7638
john.braun@leg.wa.gov

Senator Perry Dozier
Republican
(360) 786-7630
Perry.Dozier@leg.wa.gov

Senator Curtis King
Republican
(360) 786-7626
curtis.king@leg.wa.gov

Senator T'wina Nobles
Democrat
(360) 786-7654
T'wina.Nobles@leg.wa.gov

Senator Ann Rivers
Republican
(360) 786-7634
ann.rivers@leg.wa.gov

Senator Mark Schoesler
Republican
(360) 786-7620
mark.schoesler@leg.wa.gov

Senator Jeff Wilson
Republican
(360) 786-7636
Jeff.Wilson@leg.wa.gov




Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp