10 Year Analysis Complete for House Bill 1417
Office of the Governor / Office of Financial Management sent this bulletin at 04/14/2025 01:11 PM PDT
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UPDATE: The 10 year analysis for HB 1417, titled AN ACT Relating to establishing an embodied carbon tax on cigarettes, 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 |
Cigarette tax |
Other tobacco products tax |
Retail sales tax |
Total |
|
|
|
||||||
|
2026 |
($4,000) |
$611,000 |
$159,000 |
($62,000) |
$704,000 |
|
|
2027 |
($10,000) |
$1,416,000 |
$380,000 |
($137,000) |
$1,649,000 |
|
|
2028 |
($9,000) |
$1,366,000 |
$379,000 |
($126,000) |
$1,610,000 |
|
|
2029 |
($8,000) |
$1,307,000 |
$378,000 |
($115,000) |
$1,562,000 |
|
|
2030 |
($8,000) |
$1,251,000 |
$377,000 |
($104,000) |
$1,516,000 |
|
|
2031 |
($7,000) |
$1,499,000 |
$377,000 |
($94,000) |
$1,775,000 |
|
|
2032 |
($6,000) |
$1,574,000 |
$376,000 |
($85,000) |
$1,859,000 |
|
|
2033 |
($6,000) |
$1,502,000 |
$375,000 |
($76,000) |
$1,795,000 |
|
|
2034 |
($5,000) |
$1,433,000 |
$374,000 |
($68,000) |
$1,734,000 |
|
|
2035 |
($4,000) |
$1,367,000 |
$373,000 |
($61,000) |
$1,675,000 |
|
|
|
||||||
|
Total: |
($67,000) |
$13,326,000 |
$3,548,000 |
($928,000) |
$15,879,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Representative Kristine Reeves, Prime Sponsor
Democrat
(360) 786-7830
kristine.reeves@leg.wa.gov
Representative Lauren Davis
Democrat
(360) 786-7910
lauren.davis@leg.wa.gov
Representative Davina Duerr
Democrat
(360) 786-7928
davina.duerr@leg.wa.gov
Representative Gerry Pollet
Democrat
(360) 786-7886
gerry.pollet@leg.wa.gov
Representative Timm Ormsby
Democrat
(360) 786-7946
timm.ormsby@leg.wa.gov
Representative Chipalo Street
Democrat
(360) 786-7838
Chipalo.Street@leg.wa.gov
Representative Natasha Hill
Democrat
(360) 786-7888
Natasha.Hill@leg.wa.gov
Representative Nicole Macri
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp