BillTracker

Relating to providing a tiered tax on the possession of hazardous substances to provide for the current program's immediate needs and a more stable source of revenue in the future (Pearson)

Introduced by title and introductory section only, relating to providing a tiered tax on the possession of hazardous substances to provide for the current program's immediate needs and a more stable source of revenue in the future.

1ST SUBSTITUTE COMPARED TO ORIGINAL:
The substitute bill makes the following changes:
-There is tiered tax rate for the HST from FYs 2018 through 2025 based on specified thresholds.
-The DOR must adjust the thresholds based on the fiscal growth factor and provide notice of tax rate changes on its website as soon as practicable.
-The DOE, in consultation with the DOR, must provide a report related to cleanup and stormwater demands, costs, and projected revenues by October 1, of 2018, 2020, 2022, 2024.

Hearing Date: Wednesday, April 19, 2017 -- 9:00 am

WA State Legislature Link:
http://app.leg.wa.gov/billsummary?BillNumber=2182&Year=2017    (opens a new browser tab)