10 Year Analysis Complete for House Bill 2038
Office of the Governor / Office of Financial Management sent this bulletin at 04/09/2025 01:32 PM PDT
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UPDATE: The 10 year analysis for HB 2038, titled AN ACT Relating to establishing the youth behavioral health account and funding the account through the imposition of a business and occupation additional tax on the operation of social media platforms,
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 |
$2,660,000 |
|
|
2027 |
$7,000,000 |
|
|
2028 |
$7,670,000 |
|
|
2029 |
$8,400,000 |
|
|
2030 |
$9,200,000 |
|
|
2031 |
$10,080,000 |
|
|
2032 |
$11,050,000 |
|
|
2033 |
$12,100,000 |
|
|
2034 |
$13,260,000 |
|
|
2035 |
$14,520,000 |
|
|
|
||
|
Total: |
$95,940,000 |
|
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