10 Year Analysis Complete for Senate Bill 5511
Office of the Governor / Office of Financial Management sent this bulletin at 02/11/2025 01:55 PM PST
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UPDATE: The 10 year analysis for SB 5511, titled AN ACT Relating to low-proof alcoholic beverages, 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 |
Liquor sales tax - Surcharge |
Liter tax - Liquor |
Low-Proof Beverages Tax |
Retail sales tax |
Total |
|
|
|
|||||||
|
2026 |
$12,000 |
($1,300,000) |
($2,800,000) |
$1,065,935 |
$501,000 |
($2,521,065) |
|
|
2027 |
$29,000 |
($3,500,000) |
($7,000,000) |
$1,065,935 |
$1,202,000 |
($8,203,065) |
|
|
2028 |
$31,000 |
($3,600,000) |
($7,300,000) |
$1,065,935 |
$1,302,000 |
($8,501,065) |
|
|
2029 |
$33,000 |
($3,900,000) |
($7,600,000) |
$1,065,935 |
$1,302,000 |
($9,099,065) |
|
|
2030 |
$34,000 |
($4,200,000) |
($7,900,000) |
$1,065,935 |
$1,402,000 |
($9,598,065) |
|
|
2031 |
$36,000 |
($4,400,000) |
($8,200,000) |
$1,065,935 |
$1,502,000 |
($9,996,065) |
|
|
2032 |
$38,000 |
($4,700,000) |
($8,500,000) |
$1,065,935 |
$1,603,000 |
($10,493,065) |
|
|
2033 |
$40,000 |
($5,000,000) |
($8,900,000) |
$1,065,935 |
$1,703,000 |
($11,091,065) |
|
|
2034 |
$42,000 |
($5,300,000) |
($9,200,000) |
$1,065,935 |
$1,803,000 |
($11,589,065) |
|
|
2035 |
$44,000 |
($5,600,000) |
($9,600,000) |
$1,065,935 |
$1,903,000 |
($12,187,065) |
|
|
|
|||||||
|
Total: |
$339,000 |
($41,500,000) |
($77,000,000) |
$10,659,350 |
$14,223,000 |
($93,278,650) |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Liquor and Cannabis Board
Bill sponsors and contact information:
Senator Curtis King, Prime Sponsor
Republican
(360) 786-7626
curtis.king@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp