Schmudget Blog
— filed under: ,

Governor Gregoire's Tax Proposals

Posted by Andy Nicholas at Jan 15, 2010 07:25 PM |
Filed under: ,

This week, the Governor has released a number of tax-related proposals. Some raise revenue by closing tax exemptions and loopholes and addressing tax avoidance. Others institute new tax credits and deferrals. The table below provides a list of the 14 proposals made so far (click on it for a larger version). On net, they would provide $86 million in new revenue in the current biennium, an inadequate response to the need.  Stay tuned to schmudget for more information and analysis of these proposals.

 

Governors Tax Proposals

 

Note: A Supreme Court decision from September (Dot Foods, Inc. v. Department of Revenue) could have significant revenue implications for the state, but is currently under reconsideration. If the September decision is upheld, it could have a $153.6 million impact in the current biennium. In that event, the Governor has proposed that legislation be passed to clarify and repeal the exemption under consideration. The potential fiscal impact of the decision is not included in the Governor’s budget and her proposal to deal with the decision is not included in the above table.

Document Actions
HIGHLIGHTS

Our Legislative Agenda

The Budget & Policy Center's 2015-17 Legislative Agenda calls for an equitable and sustainable revenue system in addition to state investments that will promote a world-class education system; sustain a strong, inclusive middle class; produce high-quality, living wage jobs, and ensure equal opportunity to live healthy and productive lives. Take a closer look here.

Testimonies in Olympia

Andy testimonyWe've testified in support of a number of important bills this session. Take a look:

Budget Beat

Join us for our Budget Beat webinar on July 10 at 1 p.m. as our policy team recaps the 2015 legislative session and budget! Registration details coming soon.

Check out our previous Budget Beats here

Now Hiring: Executive Director

We're looking for a seasoned, visionary, and energetic individual to lead our organization into its second decade. View the job description. And for an update on the Budget & Policy Center's leadership transition process, read this March announcement from our board president.

Budget Matters Conference

Thank you to all those people who made our 3rd Annual Budget Matters Conference a success! Take a look at this video highlighting Budget Matters 2014. And save the date for December 9 for Budget Matters 2015!