Notice of Public Hearing for Substitute House Bill for 2049
Office of the Governor / Office of Financial Management sent this bulletin at 01/31/2024 08:19 PM PST
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SHB 2049, titled AN ACT Relating to improving Washington's solid waste management outcomes, has been scheduled for a public hearing by the House Committee on Appropriations.
Date and Time: 02/01/2024 10:30AM (Subject to change by the Legislature.)
Location: John L. O'Brien Building, House Hearing Rm A and Virtual, Olympia, WA
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 |
Business and occupation tax |
Packaging Financial Assistance Fee |
Producer Responsibility Organization Fee |
Total |
|
|
|
|||||
|
2024 |
$0 |
$0 |
$0 |
$0 |
|
|
2025 |
$760,000 |
$0 |
$0 |
$760,000 |
|
|
2026 |
$1,640,000 |
$5,000,000 |
$0 |
$6,640,000 |
|
|
2027 |
$1,640,000 |
$5,000,000 |
$2,450,284 |
$9,090,284 |
|
|
2028 |
$1,670,000 |
$5,000,000 |
$1,250,501 |
$7,920,501 |
|
|
2029 |
$2,100,000 |
$5,000,000 |
$1,157,225 |
$8,257,225 |
|
|
2030 |
$2,780,000 |
$3,542,632 |
$893,136 |
$7,215,768 |
|
|
2031 |
$3,120,000 |
$4,406,286 |
$828,342 |
$8,354,628 |
|
|
2032 |
$3,060,000 |
$5,564,567 |
$1,072,350 |
$9,696,917 |
|
|
2033 |
$3,030,000 |
$6,699,192 |
$828,342 |
$10,557,534 |
|
|
|
|||||
|
Total: |
$19,800,000 |
$40,212,677 |
$8,480,180 |
$68,492,857 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Department of Ecology
Department of Commerce
The substitute bill was proposed by:
House Committee on Environment & Energy
The original bill sponsors and contact information are:
House Committee on Appropriations members and contact information:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp