Notice of Introduction for House bill 2487 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 02/05/2026 03:13 PM PST
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UPDATE: The 10 year analysis for HB 2487, titled AN ACT Relating to taxes imposed on insurers operating within the state, 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 |
Penalties and Interest |
Total |
|
|
|
||||
|
2026 |
$0 |
$0 |
$0 |
|
|
2027 |
$45,000,000 |
$10,600,000 |
$55,600,000 |
|
|
2028 |
$8,400,000 |
$0 |
$8,400,000 |
|
|
2029 |
$8,800,000 |
$0 |
$8,800,000 |
|
|
2030 |
$9,200,000 |
$0 |
$9,200,000 |
|
|
2031 |
$9,700,000 |
$0 |
$9,700,000 |
|
|
2032 |
$10,100,000 |
$0 |
$10,100,000 |
|
|
2033 |
$10,700,000 |
$0 |
$10,700,000 |
|
|
2034 |
$11,200,000 |
$0 |
$11,200,000 |
|
|
2035 |
$11,700,000 |
$0 |
$11,700,000 |
|
|
|
||||
|
Total: |
$124,800,000 |
$10,600,000 |
$135,400,000 |
|
Wash State Health Care Authority:
While the overall cash receipts impact is indeterminate, any fund receipts to pay for indeterminate increased costs in the Apple Health (AH) program would come either from the Title XIX Medicaid grant or the Title XXI Children’s Health Insurance Program grant.
Ten-year projection prepared in consultation with the following agencies:
Wash State Health Care Authority
Department of Revenue
Department of Commerce
Bill sponsors and contact information:
Representative Nicole Macri, Prime Sponsor
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp