10 Year Analysis Complete for House Bill 1433

You 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 HB 1433, titled AN ACT Relating to access to psychedelic substances by individuals 21 years of age or older, 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 Year		Fingerprint Identification Account	Pharmacy Commission	Psychedelic Substance Facilitation Control & Regulation Account	Total
2026		$437	$0	$0	$437
2027		$46	$0	$0	$46
2028		$46	$28,000	$1,795,000	$1,823,046
2029		$46	$29,000	$1,618,000	$1,647,046
2030		$46	$29,000	$1,654,000	$1,683,046
2031		$46	$30,000	$1,707,000	$1,737,046
2032		$46	$31,000	$1,775,000	$1,806,046
2033		$46	$31,000	$1,840,000	$1,871,046
2034		$46	$32,000	$1,906,000	$1,938,046
2035		$46	$32,000	$1,969,000	$2,001,046
Total:		$851	$242,000	$14,264,000	$14,506,851

Liquor and Cannabis Board:

Section 65 requires the Board to begin accepting applications for the manufacturer license and the testing laboratory license beginning November 1, 2027.  Fees for the licenses are to be deposited to the psychedelic substance manufacture and testing control and regulation account created in section 79 of the bill.   

Section 71 establishes the manufacturer license. Licensure fees established in rule may not exceed, together with other fees collected under this chapter, the cost of administering this chapter.  There would be no cash receipt impact until fiscal year 2028 when the Board begins accepting applications for the license.  The Board is estimating that 1,250 manufacturer licenses will be issued.  No assumption has been made about what fee amount the Board would impose for the license.  With that said, the estimated annual average cost to administrate the manufacturer license for fiscal year 2028 through fiscal year 2031 is $3,805,257.  If it is assumed the annual fee for license issuance and renewal is set at an amount to offset costs then the fee amount would be $3,044 per license ($3,805,257/1,250 licenses).      

Section 92 creates the testing laboratory license.  Fees adopted in rule under this section must be reasonably calculated to pay the expenses incurred by the board under this chapter.  There would be no cash receipt impact until fiscal year 2028 when the Board begins accepting applications for the license. A very small number of applications is anticipated for the laboratory license.  Therefore, costs are expected to be minimal related to the testing laboratory license.  No assumption has been made about what fee amount the Board would impose for the license.     

Section 95 allows the Board by rule to require a licensee to submit a label or packaging intended for use on a psychedelic substance product for preapproval by the Board before the licensee may sell or transfer a psychedelic substance bearing the label or packaging. The Board may impose a fee for submitting a label or packaging for preapproval under this section that is reasonably calculated to not exceed the cost of administering this section.  Fees are to be deposited to the psychedelic substance manufacture and testing control and regulation account created in section 79 of the bill. The cost to administer this section is $233,718 annually.  No assumption has been made as to how many requests for approval of psychedelic substance labels or packaging would be received, or what fee amount, if any, the Board would impose for doing so.

Ten-year projection prepared in consultation with the following agencies:

Liquor and Cannabis Board
Washington State Patrol
Department of Health
Department of Commerce


Bill sponsors and contact information:

Representative Nicole Macri, Prime Sponsor
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov

Representative Travis Couture
Republican
(360) 786-7902
Travis.Couture@leg.wa.gov

Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov

Representative Dan Griffey
Republican
(360) 786-7966
dan.griffey@leg.wa.gov

Representative Debra Lekanoff
Democrat
(360) 786-7800
debra.lekanoff@leg.wa.gov

Representative Timm Ormsby
Democrat
(360) 786-7946
timm.ormsby@leg.wa.gov

Representative Greg Nance
Democrat
(360) 786-7842
Greg.Nance@leg.wa.gov

Representative Amy Walen
Democrat
(360) 786-7848
amy.walen@leg.wa.gov

Representative Julio Cortes
Democrat
(360) 786-7840
Julio.Cortes@leg.wa.gov

Representative Mary Fosse
Democrat
(360) 786-7864
Mary.Fosse@leg.wa.gov

Representative Beth Doglio
Democrat
(360) 786-7940
beth.doglio@leg.wa.gov

Representative Kristine Reeves
Democrat
(360) 786-7830
kristine.reeves@leg.wa.gov

Representative Roger Goodman
Democrat
(360) 786-7878
roger.goodman@leg.wa.gov

Representative Joel McEntire
Republican
(360) 786-7870
Joel.McEntire@leg.wa.gov

Representative Adam Bernbaum
Democrat
(360) 786-7916
BERNBAUM_AD@leg.wa.gov

Representative Kevin Waters
Republican
(360) 786-7994
Kevin.Waters@leg.wa.gov

Representative Chipalo Street
Democrat
(360) 786-7838
Chipalo.Street@leg.wa.gov

Representative Gerry Pollet
Democrat
(360) 786-7886
gerry.pollet@leg.wa.gov

Representative Mia Gregerson
Democrat
(360) 786-7868
mia.gregerson@leg.wa.gov

Representative Skyler Rude
Republican
(360) 786-7828
skyler.rude@leg.wa.gov

Representative Tarra Simmons
Democrat
(360) 786-7934
Tarra.Simmons@leg.wa.gov

Representative Liz Berry
Democrat
(360) 786-7860
Liz.Berry@leg.wa.gov

Representative Joe Fitzgibbon
Democrat
(360) 786-7952
joe.fitzgibbon@leg.wa.gov

Representative Lisa Parshley
Democrat
(360) 786-7992
Lisa.Parshley@leg.wa.gov

Representative Strom Peterson
Democrat
(360) 786-7950
strom.peterson@leg.wa.gov

Representative Julia Reed
Democrat
(360) 786-7814
Julia.Reed@leg.wa.gov

Representative Darya Farivar
Democrat
(360) 786-7818
Darya.Farivar@leg.wa.gov

Representative Steve Tharinger
Democrat
(360) 786-7904
steve.tharinger@leg.wa.gov

Representative Natasha Hill
Democrat
(360) 786-7888
Natasha.Hill@leg.wa.gov




Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp