Notice of Introduction for Senate Bill 6118 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 01/23/2024 08:41 PM PSTYou 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.
Please note: This email message was sent from a notification-only address. Please do not reply to this message.
UPDATE: The 10 year analysis for SB 6118, titled AN ACT Relating to protecting public health and safety by enhancing the regulation of vapor products, has been completed. 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:
Liquor and Cannabis Board:
Section 1(3): requires each manufacturer whose vapor products are sold in Washington state, to pay $1,000 for each vapor product the first time they submit a certification form for that product and a payment of $250 annually thereafter for each vapor product.
The agency does not know how many manufacturers of vapor products have their products sold in Washington state or how many might comply with this requirement. A large number of vapor manufacturers are either out-of-state or out-of-country (many in China) and so enforcing this requirement would be very difficult.
In addition, the agency does not currently track the number of different vapor products sold within Washington state.
Therefore for those reasons, the cash receipt impact is INDETERMINATE.
Ten-year projection prepared in consultation with the following agencies:
Liquor and Cannabis Board
Bill sponsors and contact information:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp