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