Notice of Introduction for House Bill 2734 - Update: 10 Year Analysis Complete

Office of Financial Management

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UPDATE: The 10 year analysis for HB 2734, titled AN ACT Relating to creating a hunger free Washington through a sugar-sweetened beverage tax and precluding a supplemental nutrition assistance program waiver, 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
Year

   Business and occupation tax

   Sugar-Sweetened Beverage Tax

Total

 

2026

$0

$0

$0

2027

$0

$0

$0

2028

($700,000)

$146,300,000

$145,600,000

2029

($1,800,000)

$358,200,000

$356,400,000

2030

($1,800,000)

$365,400,000

$363,600,000

2031

($1,900,000)

$372,700,000

$370,800,000

2032

($1,900,000)

$380,200,000

$378,300,000

2033

($1,900,000)

$387,800,000

$385,900,000

2034

($2,000,000)

$395,500,000

$393,500,000

2035

($2,000,000)

$403,400,000

$401,400,000

 

Total:

($14,000,000)

$2,809,500,000

$2,795,500,000


Ten-year projection prepared in consultation with the following agencies:

Department of Revenue


Bill sponsors and contact information:

Representative Chipalo Street, Prime Sponsor
Democrat
(360) 786-7838
Chipalo.Street@leg.wa.gov

Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov

Representative Sharon Wylie
Democrat
(360) 786-7924
sharon.wylie@leg.wa.gov

Representative Nicole Macri
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov

Representative Strom Peterson
Democrat
(360) 786-7950
strom.peterson@leg.wa.gov

Representative Gerry Pollet
Democrat
(360) 786-7886
gerry.pollet@leg.wa.gov

Representative Timm Ormsby
Democrat
(360) 786-7946
timm.ormsby@leg.wa.gov




Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp