Notice of Introduction for Substitute House Bill 2711 - 10 Year Analysis Complete

Office of Financial Management

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SHB 2711, titled AN ACT Relating to transportation resources, has been introduced in the House of Representatives. 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

   Aircraft Luxury Tax

   Penalties and Interest

   Retail Sales Tax

   Use Tax

Total

 

2026

($700,000)

($2,900,000)

($5,000,000)

$0

($8,600,000)

2027

($4,100,000)

$0

($7,000,000)

$2,826,000

($8,274,000)

2028

($4,300,000)

$0

$0

$3,828,000

($472,000)

2029

($4,400,000)

$0

$0

$3,728,000

($672,000)

2030

($4,600,000)

$0

$0

$3,628,000

($972,000)

2031

($4,800,000)

$0

$0

$3,528,000

($1,272,000)

2032

($5,000,000)

$0

$0

$3,428,000

($1,572,000)

2033

($5,200,000)

$0

$0

$3,228,000

($1,972,000)

2034

($5,400,000)

$0

$0

$3,128,000

($2,272,000)

2035

($5,600,000)

$0

$0

$2,928,000

($2,672,000)

 

Total:

($44,100,000)

($2,900,000)

($12,000,000)

$30,250,000

($28,750,000)





Admin Office of the Courts:

Unknown.

 



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

Admin Office of the Courts
Department of Revenue
Department of Commerce

The substitute bill was proposed by:

House Committee on Transportation
(360) 786-7397



The original bill sponsors and contact information are:

Representative Jake Fey, Prime Sponsor
Democrat
(360) 786-7974
jake.fey@leg.wa.gov




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

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