Notice of Introduction for Senate Bill 6280 - Update: 10 Year Analysis Complete
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UPDATE: The 10 year analysis for SB 6280, titled AN ACT Relating to the taxation of smoking cessation 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 |
Other taxes |
Other tobacco tax |
Retail sales tax |
Total |
|
|
|
||||||
|
2026 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
2027 |
$100,000 |
$7,600,000 |
($22,000,000) |
$1,202,000 |
($13,098,000) |
|
|
2028 |
$200,000 |
$18,400,000 |
($52,800,000) |
$2,849,000 |
($31,351,000) |
|
|
2029 |
$200,000 |
$18,400,000 |
($52,800,000) |
$2,849,000 |
($31,351,000) |
|
|
2030 |
$200,000 |
$18,400,000 |
($52,800,000) |
$2,849,000 |
($31,351,000) |
|
|
2031 |
$200,000 |
$18,400,000 |
($52,800,000) |
$2,849,000 |
($31,351,000) |
|
|
2032 |
$200,000 |
$18,400,000 |
($52,800,000) |
$2,849,000 |
($31,351,000) |
|
|
2033 |
$200,000 |
$18,400,000 |
($52,800,000) |
$2,849,000 |
($31,351,000) |
|
|
2034 |
$200,000 |
$18,400,000 |
($52,800,000) |
$2,849,000 |
($31,351,000) |
|
|
2035 |
$200,000 |
$18,400,000 |
($52,800,000) |
$2,849,000 |
($31,351,000) |
|
|
|
||||||
|
Total: |
$1,700,000 |
$154,800,000 |
($444,400,000) |
$23,994,000 |
($263,906,000) |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Senator Lisa Wellman, Prime Sponsor
Democrat
(360) 786-7641
lisa.wellman@leg.wa.gov
Senator T'wina Nobles
Democrat
(360) 786-7654
T'wina.Nobles@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp