Notice of Introduction for Substitute Senate Bill 6129 - 10 Year Analysis Complete
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SSB 6129, titled AN ACT Relating to the taxation of cigarettes and other nicotine products, has been introduced in the Senate. 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 |
Cigarette tax |
Other tobacco products tax |
Retail sales tax |
Total |
|
|
|
||||||
|
2026 |
$20,000 |
$0 |
($5,720,000) |
$310,000 |
($5,390,000) |
|
|
2027 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
2028 |
($300,000) |
$26,300,000 |
$15,300,000 |
($4,210,000) |
$37,090,000 |
|
|
2029 |
($400,000) |
$58,800,000 |
$15,900,000 |
($5,412,000) |
$68,888,000 |
|
|
2030 |
($400,000) |
$56,200,000 |
$15,900,000 |
($5,111,000) |
$66,589,000 |
|
|
2031 |
($400,000) |
$53,700,000 |
$15,900,000 |
($4,810,000) |
$64,390,000 |
|
|
2032 |
($300,000) |
$53,400,000 |
$15,800,000 |
($4,510,000) |
$64,390,000 |
|
|
2033 |
($300,000) |
$53,800,000 |
$15,700,000 |
($4,309,000) |
$64,891,000 |
|
|
2034 |
($300,000) |
$51,400,000 |
$15,800,000 |
($4,009,000) |
$62,891,000 |
|
|
2035 |
($300,000) |
$49,000,000 |
$15,700,000 |
($3,808,000) |
$60,592,000 |
|
|
|
||||||
|
Total: |
($2,680,000) |
$402,600,000 |
$120,280,000 |
($35,869,000) |
$484,331,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
The substitute bill was proposed by:
Senate Committee on Ways & Means
(360) 786-7715
The original bill sponsors and contact information are:
Senator June Robinson, Prime Sponsor
Democrat
(360) 786-7674
june.robinson@leg.wa.gov
Senator Manka Dhingra
Democrat
(360) 786-7672
manka.dhingra@leg.wa.gov
Senator T'wina Nobles
Democrat
(360) 786-7654
T'wina.Nobles@leg.wa.gov
Senator Rebecca Saldaña
Democrat
(360) 786-7688
rebecca.saldana@leg.wa.gov
Senator Yasmin Trudeau
Democrat
(360) 786-7652
yasmin.trudeau@leg.wa.gov
Senator Javier Valdez
Democrat
(360) 786-7690
javier.valdez@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp
