10 Year Analysis Complete for Senate Bill 5803
Office of the Governor / Office of Financial Management sent this bulletin at 04/23/2025 05:59 PM PDT
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UPDATE: The 10 year analysis for SB 5803, titled AN ACT Relating to enhancing public health and safety by ending the sale of certain tobacco and nicotine products, regulating tobacco and vapor product retailers, and increasing taxation of cigarettes,
tobacco products, and nicotine products, 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 Taxes |
Other Tobacco Products Tax |
Retail Sales Tax |
Vapor Product Delivery Sales |
Vapor Product Distributor |
Vapor Product Distributor branch |
Vapor Product Retailer |
Total |
|
|
|
|||||||||||
|
2026 |
$0 |
$0 |
$0 |
$0 |
$0 |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
$4,034,725 |
|
|
2027 |
($200,000) |
$42,500,000 |
$6,600,000 |
$20,700,000 |
($7,300,000) |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
$66,334,725 |
|
|
2028 |
($3,200,000) |
($27,100,000) |
$3,500,000 |
($15,800,000) |
($45,200,000) |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
($83,765,275) |
|
|
2029 |
($3,200,000) |
($22,400,000) |
$3,500,000 |
($14,400,000) |
($45,100,000) |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
($77,565,275) |
|
|
2030 |
($3,200,000) |
($18,000,000) |
$3,500,000 |
($12,900,000) |
($45,200,000) |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
($71,765,275) |
|
|
2031 |
($3,200,000) |
($16,300,000) |
$3,500,000 |
($11,200,000) |
($45,700,000) |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
($68,865,275) |
|
|
2032 |
($3,300,000) |
($14,600,000) |
$3,500,000 |
($9,300,000) |
($46,400,000) |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
($66,065,275) |
|
|
2033 |
($3,400,000) |
($13,100,000) |
$3,500,000 |
($7,200,000) |
($47,400,000) |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
($63,565,275) |
|
|
2034 |
($3,500,000) |
($11,800,000) |
$3,500,000 |
($4,900,000) |
($48,600,000) |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
($61,265,275) |
|
|
2035 |
($3,600,000) |
($10,500,000) |
$3,500,000 |
($2,300,000) |
($50,200,000) |
$92,250 |
$227,800 |
$21,600 |
$3,693,075 |
($59,065,275) |
|
|
|
|||||||||||
|
Total: |
($26,800,000) |
($91,300,000) |
$34,600,000 |
($57,300,000) |
($381,100,000) |
$922,500 |
$2,278,000 |
$216,000 |
$36,930,750 |
($481,552,750) |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Liquor and Cannabis Board
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