Notice of Introduction for Senate Bill 5767 - 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 5767, titled AN ACT Relating to funding health care access by imposing an excise tax on the annual compensation paid to certain highly compensated hospital employees, 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 |
Hospital excess compensation excise tax |
|
|
||
2024 |
$0 |
|
2025 |
$800,000 |
|
2026 |
$900,000 |
|
2027 |
$900,000 |
|
2028 |
$900,000 |
|
2029 |
$1,000,000 |
|
2030 |
$1,000,000 |
|
2031 |
$1,100,000 |
|
2032 |
$1,100,000 |
|
2033 |
$1,200,000 |
|
|
||
Total: |
$8,900,000 |
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Senator Emily Randall, Prime Sponsor
Democrat
(360) 786-7650
RANDALL_EM@leg.wa.gov
Senator Christine Rolfes
Democrat
(360) 786-7644
christine.rolfes@leg.wa.gov
Senator Noel Frame
Democrat
(360) 786-7670
noel.frame@leg.wa.gov
Senator Bob Hasegawa
Democrat
(360) 786-7616
bob.hasegawa@leg.wa.gov
Senator T'wina Nobles
Democrat
(360) 786-7654
T'wina.Nobles@leg.wa.gov
Senator June Robinson
Democrat
(360) 786-7674
june.robinson@leg.wa.gov
Senator Derek Stanford
Democrat
(360) 786-7600
derek.stanford@leg.wa.gov
Senator Yasmin Trudeau
Democrat
(360) 786-7652
yasmin.trudeau@leg.wa.gov
Senator Javier Valdez
Democrat
(360) 786-7690
javier.valdez@leg.wa.gov
Senator Lisa Wellman
Democrat
(360) 786-7641
lisa.wellman@leg.wa.gov
Senator Claire Wilson
Democrat
(360) 786-7658
WILSON_CL@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp