10 Year Analysis Complete for House Bill 1986
Office of the Governor / Office of Financial Management sent this bulletin at 03/14/2025 12:37 PM PDT
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UPDATE: The 10 year analysis for HB 1986, titled AN ACT Relating to the application of taxes to sales of motor vehicles for use in retail car rentals, 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 |
Motor vehicle sales tax |
Retail sales tax |
Total |
|
|
|
|||||
|
2026 |
($70,000) |
$1,500,000 |
$32,550,000 |
$33,980,000 |
|
|
2027 |
($100,000) |
$2,350,000 |
$50,880,000 |
$53,130,000 |
|
|
2028 |
($110,000) |
$2,440,000 |
$52,980,000 |
$55,310,000 |
|
|
2029 |
($110,000) |
$2,540,000 |
$54,990,000 |
$57,420,000 |
|
|
2030 |
($110,000) |
$2,630,000 |
$56,990,000 |
$59,510,000 |
|
|
2031 |
($120,000) |
$2,730,000 |
$59,190,000 |
$61,800,000 |
|
|
2032 |
($120,000) |
$2,830,000 |
$61,400,000 |
$64,110,000 |
|
|
2033 |
($130,000) |
$2,940,000 |
$63,700,000 |
$66,510,000 |
|
|
2034 |
($130,000) |
$3,050,000 |
$66,210,000 |
$69,130,000 |
|
|
2035 |
($140,000) |
$3,170,000 |
$68,710,000 |
$71,740,000 |
|
|
|
|||||
|
Total: |
($1,140,000) |
$26,180,000 |
$567,600,000 |
$592,640,000 |
|
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