Notice of Introduction for Senate Bill 5770 - Update: 10 Year Analysis Complete
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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 5770, titled AN ACT Relating to state and local property tax reform, 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 |
Property Tax |
|
|
||
2024 |
$48,000,000 |
|
2025 |
$143,000,000 |
|
2026 |
$245,000,000 |
|
2027 |
$353,000,000 |
|
2028 |
$469,000,000 |
|
2029 |
$593,000,000 |
|
2030 |
$725,000,000 |
|
2031 |
$866,000,000 |
|
2032 |
$1,016,000,000 |
|
2033 |
$1,176,000,000 |
|
|
||
Total: |
$5,634,000,000 |
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Department of Commerce
Bill sponsors and contact information:
Senator Jamie Pedersen, Prime Sponsor
Democrat
(360) 786-7628
jamie.pedersen@leg.wa.gov
Senator Kevin Van De Wege
Democrat
(360) 786-7646
kevin.vandewege@leg.wa.gov
Senator June Robinson
Democrat
(360) 786-7674
june.robinson@leg.wa.gov
Senator Manka Dhingra
Democrat
(360) 786-7672
Manka.Dhingra@leg.wa.gov
Senator Joe Nguyen
Democrat
(360) 786-7667
NGUYEN_JO@leg.wa.gov
Senator Lisa Wellman
Democrat
(360) 786-7641
lisa.wellman@leg.wa.gov
Senator Karen Keiser
Democrat
(360) 786-7664
karen.keiser@leg.wa.gov
Senator Javier Valdez
Democrat
(360) 786-7690
javier.valdez@leg.wa.gov
Senator Rebecca Saldaña
Democrat
(360) 786-7688
rebecca.saldana@leg.wa.gov
Senator Sam Hunt
Democrat
(360) 786-7642
Sam.Hunt@leg.wa.gov
Senator Jesse Salomon
Democrat
(360) 786-7662
SALOMON_JE@leg.wa.gov
Senator Emily Randall
Democrat
(360) 786-7650
RANDALL_EM@leg.wa.gov
Senator Annette Cleveland
Democrat
(360) 786-7696
Annette.Cleveland@leg.wa.gov
Senator Claire Wilson
Democrat
(360) 786-7658
WILSON_CL@leg.wa.gov
Senator Derek Stanford
Democrat
(360) 786-7600
derek.stanford@leg.wa.gov
Senator John Lovick
Democrat
(360) 786-7686
john.lovick@leg.wa.gov
Senator T'wina Nobles
Democrat
(360) 786-7654
T'wina.Nobles@leg.wa.gov
Senator Bob Hasegawa
Democrat
(360) 786-7616
bob.hasegawa@leg.wa.gov
Senator Yasmin Trudeau
Democrat
(360) 786-7652
yasmin.trudeau@leg.wa.gov
Senator Marko Liias
Democrat
(360) 786-7640
marko.liias@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp