Notice of Introduction for Senate Bill 6196 - Update: 10 Year Analysis Complete
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UPDATE: The 10 year analysis for SB 6196, titled AN ACT Relating to the taxation of kratom, 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 tax |
Retail sales tax |
Total |
|
|
|
|||||
|
2026 |
$0 |
$0 |
$0 |
$0 |
|
|
2027 |
($12,000) |
$2,989,000 |
($155,000) |
$2,822,000 |
|
|
2028 |
($31,000) |
$6,575,000 |
($409,000) |
$6,135,000 |
|
|
2029 |
($35,000) |
$7,233,000 |
($450,000) |
$6,748,000 |
|
|
2030 |
($38,000) |
$7,956,000 |
($495,000) |
$7,423,000 |
|
|
2031 |
($42,000) |
$8,752,000 |
($544,000) |
$8,166,000 |
|
|
2032 |
($46,000) |
$9,627,000 |
($599,000) |
$8,982,000 |
|
|
2033 |
($51,000) |
$10,590,000 |
($658,000) |
$9,881,000 |
|
|
2034 |
($56,000) |
$11,649,000 |
($724,000) |
$10,869,000 |
|
|
2035 |
($61,000) |
$12,814,000 |
($796,000) |
$11,957,000 |
|
|
|
|||||
|
Total: |
($372,000) |
$78,185,000 |
($4,830,000) |
$72,983,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Senator Rebecca Saldaña, Prime Sponsor
Democrat
(360) 786-7688
rebecca.saldana@leg.wa.gov
Senator Yasmin Trudeau
Democrat
(360) 786-7652
yasmin.trudeau@leg.wa.gov
Senator Javier Valdez
Democrat
(360) 786-7690
javier.valdez@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp
