10 Year Analysis Complete for Senate Bill 5777
Office of the Governor / Office of Financial Management sent this bulletin at 03/06/2025 09:56 PM PST
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 SB 5777, titled AN ACT Relating to creating a business and occupation tax deduction and increasing the rate for persons conducting payment card processing activities, 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 |
|
|
|
||
|
2026 |
($300,000) |
|
|
2027 |
($800,000) |
|
|
2028 |
($800,000) |
|
|
2029 |
($800,000) |
|
|
2030 |
($900,000) |
|
|
2031 |
($900,000) |
|
|
2032 |
($900,000) |
|
|
2033 |
($900,000) |
|
|
2034 |
($1,000,000) |
|
|
2035 |
($1,000,000) |
|
|
|
||
|
Total: |
($8,300,000) |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp