Notice of Introduction for House Bill 2723 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 02/23/2026 11:55 AM PST
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UPDATE: The 10 year analysis for HB 2723, titled AN ACT Relating to modifying existing tax preferences, 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 |
Brokered natural gas |
Business can occupation tax |
Public utility tax |
Retail sales tax |
Total |
|
|
|
||||||
|
2026 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
2027 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
2028 |
$240,000 |
($50,000) |
$350,000 |
($21,000) |
$519,000 |
|
|
2029 |
$210,000 |
($40,000) |
$290,000 |
($21,000) |
$439,000 |
|
|
2030 |
$220,000 |
($40,000) |
$290,000 |
($11,000) |
$459,000 |
|
|
2031 |
$180,000 |
($30,000) |
$240,000 |
($11,000) |
$379,000 |
|
|
2032 |
$250,000 |
($40,000) |
$320,000 |
($11,000) |
$519,000 |
|
|
2033 |
$240,000 |
($40,000) |
$310,000 |
($11,000) |
$499,000 |
|
|
2034 |
$270,000 |
($40,000) |
$330,000 |
($11,000) |
$549,000 |
|
|
2035 |
$290,000 |
($40,000) |
$340,000 |
($6,000) |
$584,000 |
|
|
|
||||||
|
Total: |
$1,900,000 |
($320,000) |
$2,470,000 |
($103,000) |
$3,947,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Representative Alex Ramel, Prime Sponsor
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Beth Doglio
Democrat
(360) 786-7940
beth.doglio@leg.wa.gov
Representative Gerry Pollet
Democrat
(360) 786-7886
gerry.pollet@leg.wa.gov
Representative Debra Lekanoff
Democrat
(360) 786-7800
debra.lekanoff@leg.wa.gov
Representative Nicole Macri
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov
Representative Shelley Kloba
Democrat
(360) 786-7900
shelley.kloba@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp