Notice of Introduction for House Bill 2089 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 02/12/2026 03:38 PM PST
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UPDATE: The 10 year analysis for HB 2089, titled AN ACT Relating to supporting wildfire mitigation by modifying RCW 82.04.29005, concerning taxes on loan interest, 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 |
|
|
|
||
|
2026 |
$0 |
|
|
2027 |
$25,900,000 |
|
|
2028 |
$64,800,000 |
|
|
2029 |
$68,000,000 |
|
|
2030 |
$71,500,000 |
|
|
2031 |
$75,100,000 |
|
|
2032 |
$78,900,000 |
|
|
2033 |
$82,900,000 |
|
|
2034 |
$87,100,000 |
|
|
2035 |
$91,500,000 |
|
|
|
||
|
Total: |
$645,700,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Representative Shaun Scott, Prime Sponsor
Democrat
(360) 786-7920
Shaun.Scott@leg.wa.gov
Representative Larry Springer
Democrat
(360) 786-7822
larry.springer@leg.wa.gov
Representative Lisa Parshley
Democrat
(360) 786-7992
Lisa.Parshley@leg.wa.gov
Representative Cindy Ryu
Democrat
(360) 786-7880
cindy.ryu@leg.wa.gov
Representative Tarra Simmons
Democrat
(360) 786-7934
Tarra.Simmons@leg.wa.gov
Representative Liz Berry
Democrat
(360) 786-7860
Liz.Berry@leg.wa.gov
Representative Chipalo Street
Democrat
(360) 786-7838
Chipalo.Street@leg.wa.gov
Representative Brianna Thomas
Democrat
(360) 786-7978
THOMAS_BR@leg.wa.gov
Representative Timm Ormsby
Democrat
(360) 786-7946
timm.ormsby@leg.wa.gov
Representative Edwin Obras
Democrat
(360) 786-7834
Edwin.Obras@leg.wa.gov
Representative Kristine Reeves
Democrat
(360) 786-7830
kristine.reeves@leg.wa.gov
Representative Nicole Macri
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov
Representative Mary Fosse
Democrat
(360) 786-7864
Mary.Fosse@leg.wa.gov
Representative Natasha Hill
Democrat
(360) 786-7888
Natasha.Hill@leg.wa.gov
Representative Gerry Pollet
Democrat
(360) 786-7886
gerry.pollet@leg.wa.gov
Representative Osman Salahuddin
Democrat
(360) 786-7936
Osman.Salahuddin@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp