This Washington
Extra Fizz: Everett Herald Has Details on Budget Deal
Everett Herald reporter Jerry Cornfield has the big scoop
on the latest revenue package proposal in Olympia.
Here's his lead, which answers some of the questions we asked in this morning's Fizz . Thanks Jerry.
Here are some details, including an additional beer tax (a component PubliCola was first to report on last week) and a soda tax (a piece we reported on yesterday):
Here's his lead, which answers some of the questions we asked in this morning's Fizz . Thanks Jerry.
Senate Democrats today dropped their contentious proposal to raise the sales tax and House Democrats discarded their insistence for ending certain tax breaks for banks, buyers of custom software and out-of-state residents.
Those actions cleared a path to a possible agreement on an $801 million tax package dubbed the "Go Home Proposal."
Here are some details, including an additional beer tax (a component PubliCola was first to report on last week) and a soda tax (a piece we reported on yesterday):
- Three year B&O services tax increase to 1.8% = $245.9 million
- Three year beer tax increase of 50 cents per gallon = $57.8 million
- Three year pop tax increase of 2 cents per 12 oz. = $38.10 million
- Dot foods case = $154.7 million
- Tobacco products = $101.4 million
- Business nexus changes = $82.4 million
- Sales tax on bottled water = $35.3 million
- Sales tax on candy and gum = $29 million
- Lottery marketing = $15 million
- Convention center = $10 million
- DOR regulatory power increase (Tax avoidance) = $8.2 million
- Property management B&O = $6.9 million