10 Year Analysis Complete for House Bill 2084
Office of the Governor / Office of Financial Management sent this bulletin at 04/17/2025 05:17 PM PDT
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UPDATE: The 10 year analysis for HB 2084, titled AN ACT Relating to increasing funding for K-12, health care, and public safety by repealing or modifying tax preferences for certain industries and goods, 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 |
Performance Audits of Government Account |
Retail sales tax |
Total |
|
|
|
|||||
|
2026 |
$20,200,000 |
$17,000 |
$10,800,000 |
$31,017,000 |
|
|
2027 |
$55,700,000 |
$26,000 |
$16,200,000 |
$71,926,000 |
|
|
2028 |
$58,000,000 |
$26,000 |
$16,200,000 |
$74,226,000 |
|
|
2029 |
$60,500,000 |
$26,000 |
$16,200,000 |
$76,726,000 |
|
|
2030 |
$63,000,000 |
$26,000 |
$16,200,000 |
$79,226,000 |
|
|
2031 |
$65,700,000 |
$26,000 |
$16,200,000 |
$81,926,000 |
|
|
2032 |
$68,500,000 |
$26,000 |
$16,200,000 |
$84,726,000 |
|
|
2033 |
$71,400,000 |
$26,000 |
$16,200,000 |
$87,626,000 |
|
|
2034 |
$74,400,000 |
$26,000 |
$16,200,000 |
$90,626,000 |
|
|
2035 |
$77,600,000 |
$26,000 |
$16,200,000 |
$93,826,000 |
|
|
|
|||||
|
Total: |
$615,000,000 |
$251,000 |
$156,600,000 |
$771,851,000 |
|
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