10 Year Analysis Complete for House Bill 1607
Office of the Governor / Office of Financial Management sent this bulletin at 02/03/2025 05:58 PM PST
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UPDATE: The 10 year analysis for HB 1607, titled AN ACT Relating to recycling and waste reduction, 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 & occupation tax |
Recycling Refund Program Fee |
Total |
|
|
|
||||
|
2026 |
$620,000 |
$0 |
$620,000 |
|
|
2027 |
$2,690,000 |
$1,337,293 |
$4,027,293 |
|
|
2028 |
$3,620,000 |
$0 |
$3,620,000 |
|
|
2029 |
$5,690,000 |
$313,742 |
$6,003,742 |
|
|
2030 |
$5,880,000 |
$192,996 |
$6,072,996 |
|
|
2031 |
$6,060,000 |
$236,785 |
$6,296,785 |
|
|
2032 |
$6,260,000 |
$236,785 |
$6,496,785 |
|
|
2033 |
$6,450,000 |
$236,785 |
$6,686,785 |
|
|
2034 |
$4,850,000 |
$263,058 |
$5,113,058 |
|
|
2035 |
$3,250,000 |
$209,025 |
$3,459,025 |
|
|
|
||||
|
Total: |
$45,370,000 |
$3,026,469 |
$48,396,469 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Department of Ecology
Bill sponsors and contact information:
Representative Monica Jurado Stonier, Prime Sponsor
Democrat
(360) 786-7872
monica.stonier@leg.wa.gov
Representative Kevin Waters
Republican
(360) 786-7994
Kevin.Waters@leg.wa.gov
Representative Joe Fitzgibbon
Democrat
(360) 786-7952
joe.fitzgibbon@leg.wa.gov
Representative Strom Peterson
Democrat
(360) 786-7950
strom.peterson@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Lisa Parshley
Democrat
(360) 786-7992
Lisa.Parshley@leg.wa.gov
Representative Julia Reed
Democrat
(360) 786-7814
Julia.Reed@leg.wa.gov
Representative Kristine Reeves
Democrat
(360) 786-7830
kristine.reeves@leg.wa.gov
Representative Shelley Kloba
Democrat
(360) 786-7900
shelley.kloba@leg.wa.gov
Representative Davina Duerr
Democrat
(360) 786-7928
davina.duerr@leg.wa.gov
Representative Janice Zahn
Democrat
(360) 786-7894
Janice.Zahn@leg.wa.gov
Representative Mary Fosse
Democrat
(360) 786-7864
Mary.Fosse@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp