UPDATE: 10 Year Analysis Complete for Engrossed Senate Bill 6228.PL
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UPDATE: The 10 year analysis for ESB 6228.PL, titled AN ACT Relating to removing a tax exemption for the warehousing and reselling of prescription drugs and providing tax relief for critical access pharmacies, 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 |
Business and occupation tax |
|
|
|
||
|
2026 |
$0 |
|
|
2027 |
$24,400,000 |
|
|
2028 |
$52,200,000 |
|
|
2029 |
$42,800,000 |
|
|
2030 |
$49,300,000 |
|
|
2031 |
$56,700,000 |
|
|
2032 |
$65,100,000 |
|
|
2033 |
$74,700,000 |
|
|
2034 |
$85,600,000 |
|
|
2035 |
$98,100,000 |
|
|
|
||
|
Total: |
$548,900,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Department of Commerce
This engrossed bill is proposed by the Senate.
The original bill sponsors and contact information are:
Senator Noel Frame, Prime Sponsor
Democrat
(360) 786-7670
noel.frame@leg.wa.gov
Senator Manka Dhingra
Democrat
(360) 786-7672
manka.dhingra@leg.wa.gov
Senator Bob Hasegawa
Democrat
(360) 786-7616
bob.hasegawa@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp
