HB 2157,
titled AN ACT Relating to increasing tax revenue, has been introduced in
the House of Representatives in the 2011 2nd Special Session. The Office of
Financial Management has identified this bill as requiring a ten-year projection
of increased cost to the taxpayers or affected feepayers.
Ten-year projection:
|
Fiscal |
B&O Tax |
Cigarette Tax |
Gambling Winnings Tax |
Retail Sales Tax |
Sales Tax |
Total |
|
|
|
|||||||
|
2012 |
|
|
|
|
|
||
|
2013 |
$ 222,298,000 |
$ 13,300,000 |
$ 13,067,000 |
$ 22,799,000 |
$ 38,000 |
$ 271,502,000 |
|
|
2014 |
241,126,000 |
14,500,000 |
14,207,000 |
25,226,000 |
42,000 |
$ 295,101,000 |
|
|
2015 |
246,768,000 |
14,500,000 |
14,633,000 |
25,585,000 |
43,000 |
$ 301,529,000 |
|
|
2016 |
253,397,000 |
14,500,000 |
15,072,000 |
25,949,000 |
44,000 |
$ 308,962,000 |
|
|
2017 |
253,949,000 |
14,500,000 |
15,524,000 |
26,318,000 |
45,000 |
$ 310,336,000 |
|
|
2018 |
255,174,000 |
14,500,000 |
15,990,000 |
26,692,000 |
46,000 |
$ 312,402,000 |
|
|
2019 |
256,336,000 |
14,500,000 |
16,469,000 |
27,072,000 |
48,000 |
$ 314,425,000 |
|
|
2020 |
257,469,000 |
14,500,000 |
16,963,000 |
27,456,000 |
49,000 |
$ 316,437,000 |
|
|
2021 |
268,077,000 |
14,500,000 |
17,472,000 |
27,846,000 |
50,000 |
$ 327,945,000 |
|
|
|
|||||||
|
Total: |
$ 2,254,594,000 |
$ 129,300,000 |
$ 139,397,000 |
$ 234,943,000 |
$ 405,000 |
$ 2,758,639,000 |
|
Bill sponsors and contact information:
Representative Bob Hasegawa, Prime Sponsor
Democrat
Seattle
(360) 786-7862
Bob.Hasegawa@leg.wa.gov
Representative Laurie Jinkins
Democrat
Tacoma
(360) 786-7930
JINKINS_LA@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website:
http://www.ofm.wa.gov/tax/default.asp