10 Year Analysis Complete for House Bill 1785
Office of the Governor / Office of Financial Management sent this bulletin at 03/06/2025 06:17 PM PST
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UPDATE: The 10 year analysis for HB 1785, titled AN ACT Relating to imposing a surcharge on publicly traded companies providing excessive executive compensation, 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 |
Public utility tax |
Total |
|
|
|
||||
|
2026 |
$0 |
$0 |
$0 |
|
|
2027 |
$130,000,000 |
$900,000 |
$130,900,000 |
|
|
2028 |
$320,000,000 |
$2,100,000 |
$322,100,000 |
|
|
2029 |
$340,000,000 |
$2,200,000 |
$342,200,000 |
|
|
2030 |
$350,000,000 |
$2,300,000 |
$352,300,000 |
|
|
2031 |
$360,000,000 |
$2,300,000 |
$362,300,000 |
|
|
2032 |
$380,000,000 |
$2,400,000 |
$382,400,000 |
|
|
2033 |
$390,000,000 |
$2,500,000 |
$392,500,000 |
|
|
2034 |
$410,000,000 |
$2,600,000 |
$412,600,000 |
|
|
2035 |
$420,000,000 |
$2,600,000 |
$422,600,000 |
|
|
|
||||
|
Total: |
$3,100,000,000 |
$19,900,000 |
$3,119,900,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Representative Beth Doglio, Prime Sponsor
Democrat
(360) 786-7940
beth.doglio@leg.wa.gov
Representative Liz Berry
Democrat
(360) 786-7860
Liz.Berry@leg.wa.gov
Representative Lisa Parshley
Democrat
(360) 786-7992
Lisa.Parshley@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Julia Reed
Democrat
(360) 786-7814
Julia.Reed@leg.wa.gov
Representative Sharlett Mena
Democrat
(360) 786-7996
sharlett.mena@leg.wa.gov
Representative Cindy Ryu
Democrat
(360) 786-7880
cindy.ryu@leg.wa.gov
Representative Mary Fosse
Democrat
(360) 786-7864
Mary.Fosse@leg.wa.gov
Representative Brianna Thomas
Democrat
(360) 786-7978
THOMAS_BR@leg.wa.gov
Representative Julio Cortes
Democrat
(360) 786-7840
Julio.Cortes@leg.wa.gov
Representative Gerry Pollet
Democrat
(360) 786-7886
gerry.pollet@leg.wa.gov
Representative Nicole Macri
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov
Representative Natasha Hill
Democrat
(360) 786-7888
Natasha.Hill@leg.wa.gov
Representative Shaun Scott
Democrat
(360) 786-7920
Shaun.Scott@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp