Notice of Introduction for House Bill 2291 - Update: 10 Year Analysis Complete
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UPDATE: The 10 year analysis for HB 2291, titled AN ACT Relating to the kratom consumer protection act, 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 |
Kratom Excise Tax |
Retail Sales Tax |
Total |
|
|
|
|||||
|
2026 |
$0 |
$0 |
$0 |
$0 |
|
|
2027 |
($3,000) |
$754,000 |
($37,000) |
$714,000 |
|
|
2028 |
($8,000) |
$1,990,000 |
($99,000) |
$1,883,000 |
|
|
2029 |
($8,000) |
$2,189,000 |
($108,000) |
$2,073,000 |
|
|
2030 |
($9,000) |
$2,408,000 |
($119,000) |
$2,280,000 |
|
|
2031 |
($10,000) |
$2,648,000 |
($131,000) |
$2,507,000 |
|
|
2032 |
($11,000) |
$2,913,000 |
($143,000) |
$2,759,000 |
|
|
2033 |
($12,000) |
$3,205,000 |
($158,000) |
$3,035,000 |
|
|
2034 |
($13,000) |
$3,525,000 |
($174,000) |
$3,338,000 |
|
|
2035 |
($15,000) |
$3,878,000 |
($191,000) |
$3,672,000 |
|
|
|
|||||
|
Total: |
($89,000) |
$23,510,000 |
($1,160,000) |
$22,261,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Department of Commerce
Bill sponsors and contact information:
Representative Kristine Reeves, Prime Sponsor
Democrat
(360) 786-7830
kristine.reeves@leg.wa.gov
Representative Monica Jurado Stonier
Democrat
(360) 786-7872
monica.stonier@leg.wa.gov
Representative Lisa Parshley
Democrat
(360) 786-7992
Lisa.Parshley@leg.wa.gov
Representative Mari Leavitt
Democrat
(360) 786-7890
mari.leavitt@leg.wa.gov
Representative Mia Gregerson
Democrat
(360) 786-7868
mia.gregerson@leg.wa.gov
Representative Roger Goodman
Democrat
(360) 786-7878
roger.goodman@leg.wa.gov
Representative Mary Fosse
Democrat
(360) 786-7864
Mary.Fosse@leg.wa.gov
Representative Gerry Pollet
Democrat
(360) 786-7886
gerry.pollet@leg.wa.gov
Representative Adam Bernbaum
Democrat
(360) 786-7916
BERNBAUM_AD@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp
