Notice of Introduction for Senate Bill 5796 - 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 04/09/2025 10:32 PM PDT
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SB 5796, titled AN ACT Relating to enacting an excise tax on large employers on the amount of payroll expenses above the social security wage threshold to fund public schools, health care, social services, and other programs and services to benefit
Washingtonians, has been introduced in the Senate. 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 |
Payroll expense tax |
|
|
|
||
|
2026 |
$0 |
|
|
2027 |
$1,852,000,000 |
|
|
2028 |
$2,344,000,000 |
|
|
2029 |
$2,440,000,000 |
|
|
2030 |
$2,524,000,000 |
|
|
2031 |
$2,610,000,000 |
|
|
2032 |
$2,709,000,000 |
|
|
2033 |
$2,809,000,000 |
|
|
2034 |
$2,913,000,000 |
|
|
2035 |
$3,021,000,000 |
|
|
|
||
|
Total: |
$23,222,000,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Employment Security Department
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