Notice of Introduction for House Bill 2745 - Update: 10 Year Analysis Complete

Office of Financial Management

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UPDATE: The 10 year analysis for HB 2745, titled AN ACT Relating to temporarily increasing insurance premium taxes on insurers to fund health insurance premium assistance, 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
Year

   Premium Tax

 

2026

$0

2027

$357,063,063

2028

$0

2029

$0

2030

$0

2031

$0

2032

$0

2033

$0

2034

$0

2035

$0

 

Total:

$357,063,063


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

Office of Insurance Commissioner


Bill sponsors and contact information:

Representative Lisa Parshley, Prime Sponsor
Democrat
(360) 786-7992
Lisa.Parshley@leg.wa.gov

Representative Nicole Macri
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov




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

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