Notice of Introduction for Substitute House Bill 2144 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 02/12/2024 04:06 PM PST
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UPDATE: The 10 year analysis for SHB 2144, titled AN ACT Relating to providing for a deposit return program for qualifying beverage containers to be implemented by a distributor responsibility organization, 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 |
Business and occupation tax |
Deposit Return Organization Fee |
Recycling Revenue Augmentation |
Total |
|
|
|
|||||
|
2024 |
$0 |
$0 |
$0 |
$0 |
|
|
2025 |
$1,320,000 |
$0 |
$0 |
$1,320,000 |
|
|
2026 |
$2,700,000 |
$0 |
$0 |
$2,700,000 |
|
|
2027 |
$2,730,000 |
$340,510 |
$0 |
$3,070,510 |
|
|
2028 |
$3,150,000 |
$340,510 |
$15,000,000 |
$18,490,510 |
|
|
2029 |
$4,610,000 |
$584,518 |
$15,000,000 |
$20,194,518 |
|
|
2030 |
$5,720,000 |
$556,769 |
$15,000,000 |
$21,276,769 |
|
|
2031 |
$5,910,000 |
$340,510 |
$15,000,000 |
$21,250,510 |
|
|
2032 |
$6,090,000 |
$340,510 |
$15,000,000 |
$21,430,510 |
|
|
2033 |
$6,250,000 |
$340,510 |
$0 |
$6,590,510 |
|
|
|
|||||
|
Total: |
$38,480,000 |
$2,843,837 |
$75,000,000 |
$116,323,837 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Commerce
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:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp