Notice of Public Hearing for House Bill 1416 - 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 02/18/2025 07:43 PM PST
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HB 1416, titled AN ACT Relating to increasing tobacco and vapor products taxes, has been scheduled for a public hearing by the House Committee on Finance.
Date and Time: 02/20/2025 1:30PM (Subject to change by the Legislature.)
Location: John L. O'Brien Building, House Hearing Rm A and Virtual, Olympia, WA
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 |
Cigarette tax |
Other taxes |
Other tobacco products tax |
Retail sales tax |
Total |
|
|
|
|||||||
|
2026 |
($17,000) |
$5,857,000 |
$616,000 |
$1,420,000 |
($362,000) |
$7,514,000 |
|
|
2027 |
($42,000) |
$13,598,000 |
$1,478,000 |
$3,462,000 |
($827,000) |
$17,669,000 |
|
|
2028 |
($43,000) |
$13,128,000 |
$1,478,000 |
$3,525,000 |
($797,000) |
$17,291,000 |
|
|
2029 |
($43,000) |
$12,580,000 |
$1,478,000 |
$3,597,000 |
($767,000) |
$16,845,000 |
|
|
2030 |
($44,000) |
$12,053,000 |
$1,478,000 |
$3,680,000 |
($743,000) |
$16,424,000 |
|
|
2031 |
($45,000) |
$11,547,000 |
$1,478,000 |
$3,776,000 |
($725,000) |
$16,031,000 |
|
|
2032 |
($46,000) |
$11,060,000 |
$1,478,000 |
$3,885,000 |
($712,000) |
$15,665,000 |
|
|
2033 |
($48,000) |
$10,593,000 |
$1,478,000 |
$4,010,000 |
($705,000) |
$15,328,000 |
|
|
2034 |
($49,000) |
$10,144,000 |
$1,478,000 |
$4,154,000 |
($705,000) |
$15,022,000 |
|
|
2035 |
($51,000) |
$9,713,000 |
$1,478,000 |
$4,318,000 |
($710,000) |
$14,748,000 |
|
|
|
|||||||
|
Total: |
($428,000) |
$110,273,000 |
$13,918,000 |
$35,827,000 |
($7,053,000) |
$152,537,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Representative Kristine Reeves, Prime Sponsor
Democrat
(360) 786-7830
kristine.reeves@leg.wa.gov
Representative Lauren Davis
Democrat
(360) 786-7910
lauren.davis@leg.wa.gov
Representative Gerry Pollet
Democrat
(360) 786-7886
gerry.pollet@leg.wa.gov
Representative Davina Duerr
Democrat
(360) 786-7928
davina.duerr@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 Mia Gregerson
Democrat
(360) 786-7868
mia.gregerson@leg.wa.gov
Representative Jake Fey
Democrat
(360) 786-7974
jake.fey@leg.wa.gov
Representative Timm Ormsby
Democrat
(360) 786-7946
timm.ormsby@leg.wa.gov
Representative Natasha Hill
Democrat
(360) 786-7888
Natasha.Hill@leg.wa.gov
Representative Nicole Macri
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov
Representative Shaun Scott
Democrat
(360) 786-7920
Shaun.Scott@leg.wa.gov
House Committee on Finance members and contact information:
Representative Hunter Abell
Republican
(360) 786-7988
Hunter.Abell@leg.wa.gov
Representative April Berg
Democrat
(360) 786-7892
April.Berg@leg.wa.gov
Representative Rob Chase
Republican
(360) 786-7984
Rob.Chase@leg.wa.gov
Representative Cyndy Jacobsen
Republican
(360) 786-7968
Cyndy.Jacobsen@leg.wa.gov
Representative Sharlett Mena
Democrat
(360) 786-7996
sharlett.mena@leg.wa.gov
Representative Ed Orcutt
Republican
(360) 786-7990
ed.orcutt@leg.wa.gov
Representative Lisa Parshley
Democrat
(360) 786-7992
Lisa.Parshley@leg.wa.gov
Representative Joshua Penner
Republican
(360) 786-7866
Joshua.Penner@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Sharon Tomiko Santos
Democrat
(360) 786-7944
sharontomiko.santos@leg.wa.gov
Representative Shaun Scott
Democrat
(360) 786-7920
Shaun.Scott@leg.wa.gov
Representative Larry Springer
Democrat
(360) 786-7822
larry.springer@leg.wa.gov
Representative Chipalo Street
Democrat
(360) 786-7838
Chipalo.Street@leg.wa.gov
Representative Amy Walen
Democrat
(360) 786-7848
amy.walen@leg.wa.gov
Representative Sharon Wylie
Democrat
(360) 786-7924
sharon.wylie@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp