10 Year Analysis Complete for Substitute House Bill 2020
Office of the Governor / Office of Financial Management sent this bulletin at 04/16/2025 03:54 PM PDT
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UPDATE: The 10 year analysis for SHB 2020, 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 |
$200,000 |
|
|
2027 |
$300,000 |
|
|
2028 |
$300,000 |
|
|
2029 |
$300,000 |
|
|
2030 |
$300,000 |
|
|
2031 |
$300,000 |
|
|
2032 |
$400,000 |
|
|
2033 |
$400,000 |
|
|
2034 |
$400,000 |
|
|
2035 |
$400,000 |
|
|
|
||
|
Total: |
$3,300,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
The substitute bill was proposed by:
The original bill sponsors and contact information are:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp