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