UPDATE: 10 Year Analysis Complete for Engrossed House Bill 2487.PL
Office of the Governor / Office of Financial Management sent this bulletin at 04/28/2026 11:39 AM PDT
You are receiving this email as a subscriber to the Initiative 960 email list. RCW 43.135.031 (I-960) requires that notices be sent each time a
bill that raises taxes or fees is: introduced in either house; scheduled for a public hearing; approved by any legislative committee; or passed by either house of the Legislature.
Please note: This email message was sent from a notification-only address. Please do not reply to this message.
UPDATE: The 10 year analysis for EHB 2487.PL, titled AN ACT Relating to taxes imposed on insurers operating within the state, 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 |
$19,900,000 |
|
|
2028 |
$20,900,000 |
|
|
2029 |
$21,300,000 |
|
|
2030 |
$9,200,000 |
|
|
2031 |
$9,700,000 |
|
|
2032 |
$10,100,000 |
|
|
2033 |
$10,700,000 |
|
|
2034 |
$11,200,000 |
|
|
2035 |
$11,700,000 |
|
|
|
||
|
Total: |
$124,700,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Department of Commerce
This engrossed bill is proposed by the House of Representatives.
The original bill sponsors and contact information are:
Representative Nicole Macri, Prime Sponsor
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