Schmudget Blog
— filed under: ,

Governor Gregoire's Tax Proposals

Posted by Andy Nicholas at Jan 15, 2010 03:25 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

Save the date!

Our Budget Matters 2018 policy conference will take place on November 13 at Seattle Center. john a. powell from the Haas Institute for a Fair and Inclusive Society is the keynote. Stay tuned for more details. 

Our policy priorities

Washington state should be a place where all our residents have strong communities, great schools, and the chance for a bright future. Our 2017-2019 Legislative Agenda outlines the priorities we are working to advance.

Testimonies in Olympia

Misha TVW
Watch our 2018 legislative session testimonies on TVW: