Notice of Introduction for Senate Bill 5686 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 05/09/2023 04:28 PM PDTYou are receiving this email as a subscriber to the Initiative 960 email list. RCW 43.135.031 (I-960) requires that notices be sent each time a
bill that raises taxes or fees is: introduced in either house; scheduled for a public hearing; approved by any legislative committee; or passed by either house of the Legislature.
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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 |
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