Notice of Introduction for Substitute House Bill 1959 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 02/12/2024 03:49 PM PST
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UPDATE: The 10 year analysis for SHB 1959, titled AN ACT Relating to extending certain requirements in the state paid family and medical leave program to employers with fewer than 50 employees, 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:
|
Fiscal |
PFML Premium |
|
|
|
||
|
2024 |
$0 |
|
|
2025 |
$46,000,000 |
|
|
2026 |
$140,000,000 |
|
|
2027 |
$74,000,000 |
|
|
2028 |
$117,000,000 |
|
|
2029 |
$152,000,000 |
|
|
2030 |
$118,000,000 |
|
|
2031 |
$88,000,000 |
|
|
2032 |
$92,000,000 |
|
|
2033 |
$199,000,000 |
|
|
|
||
|
Total: |
$1,026,000,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Employment Security Department
The substitute bill was proposed by:
House Committee on Labor & Workplace Standards
The original bill sponsors and contact information are:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp