10 Year Analysis Complete for Senate Bill 5811
Office of the Governor / Office of Financial Management sent this bulletin at 04/23/2025 06:01 PM PDT
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UPDATE: The 10 year analysis for SB 5811, titled AN ACT Relating to establishing a tax on certain business activities related to surpluses generated under the zero-emission vehicle program, 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 |
ZEV Credit Excise tax |
|
|
|
||
|
2026 |
$0 |
|
|
2027 |
$77,900,000 |
|
|
2028 |
$102,200,000 |
|
|
2029 |
$100,700,000 |
|
|
2030 |
$99,000,000 |
|
|
2031 |
$95,600,000 |
|
|
2032 |
$92,000,000 |
|
|
2033 |
$85,800,000 |
|
|
2034 |
$79,600,000 |
|
|
2035 |
$71,000,000 |
|
|
|
||
|
Total: |
$803,800,000 |
|
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