Individual State Agency Fiscal Note — SB 5336 Population Criteria, Department of Revenue
Summary
An Individual State Agency Fiscal Note from the Department of Revenue on SB 5336, titled AN ACT Relating to population criteria for the main street trust fund tax credit, numbered Fiscal Note 5336-1, with the No Fiscal Impact box marked. The note states that the bill ensures taxpayers contributing to a main street program in a city or town where the population exceeds 190,000 at some point after designation continue to receive approved credits. It states that the legislation results in no revenue impact because it fixes incongruent language between RCW 43.360.030 and RCW 82.73.030, and that the department will not incur any costs with its implementation.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Individual State Agency Fiscal Note — SB 5336 Population Criteria, Department of Revenue.”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-01-17-a30403-d247783-5336-sb-fn-final-01-17-23-a633d36736/
, SHA-256 8f728363396a0d775b32316b81f82600ab83a8825a6cb7e3893bc0bdf47d1dd7.Full text
Individual State Agency Fiscal Note
Bill Number: SB 5336 Bill Title: AN ACT Relating to population criteria Agency: 140
for the main street trust fund tax credit Department of Revenue
Part I: Estimates
[X] No Fiscal Impact
Estimated Cash Receipts to:
Fund Fiscal Year 2024 Fiscal Year 2025 2023-2025 Total 2025-27 Biennium 2027-29 Biennium
Total
Estimated Expenditures from:
Fiscal Year 2024 Fiscal Year 2025 2023-2025 Total 2025-27 Biennium 2027-29 Biennium
FTE Staff Years
Fund
Total
The revenue and expenditures estimates on this page represent the most likely fiscal impact. Factors impacting the precision of
these estimates, and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
[ ] If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia,
complete entire fiscal note form Parts I-V.
[ ] If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia,
complete this page only (Part I).
[ ] Capital budget impact, complete Part IV.
[ ] Requires new rule making, complete Part V.
Legislative Contact: CLINTON MCCARTHY Phone: 360-786-7319 Date: 1/13/2023
Agency Preparation: BETH LEECH Phone: (360) 534-1513 Date: 1/13/2023
Agency Approval Valerie Torres Phone: (360) 534-1521 Date: 1/16/2023
OFM Review: Phone: Date:
OFM Form FN (10/95)
Fiscal Note # 5336-1
Bill # SB 5336
1
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
CURRENT LAW:
Cities and towns designated as a main street program by the Department of Archaeology and Historic Preservation with a
population of 190,000 or less at the time of designation qualify for the main street program.
The main street tax incentives allow a credit against the business and occupation (B&O) tax and public utility (PU) tax for
contributions made to a main street program or to the Washington main street trust fund (chapter 82.73 RCW). The
Department of Revenue (department) approves credits for contributions made to main street programs in cities or towns
with a population of 190,000 or less.
PROPOSAL:
This bill ensures taxpayers contributing to a main street program in a city or town where the population exceeds 190,000
at some point after designation continue to receive approved credits.
EFFECTIVE DATE:
The bill takes effect 90 days after final adjournment of the session.
II. B - Revenue Impact
This legislation results in no revenue impact to taxes administered by the department because it fixes incongruent
language between the main street program (RCW 43.360.030) and the main street credit programs (RCW 82.73.030).
II. C - Expenditure Impact
The department will not incur any costs with the implementation of this legislation.
Part III: Expenditure Detail
III. A - Expenditures by Object or Purpose:
Fiscal Year 2024 Fiscal Year 2025 2023-2025 Total 2025-27 Biennium 2027-29 Biennium
Total
III. B - FTE Detail:
Job Classification Salary FY 2024 FTEs FY 2025 FTEs 2023 - 2025 Total 2025 - 2027 2027 - 2029
Total
III. C - Expenditures by Program (optional):
Fiscal Year 2024 Fiscal Year 2025 2023-2025 Total 2025-27 Biennium 2027-29 Biennium
Total
OFM Form FN (10/95)
Fiscal Note # 5336-1
Bill # SB 5336
2
Part IV: Capital Budget Impact
None.
Part V: New Rule Making Required
OFM Form FN (10/95)
Fiscal Note # 5336-1
Bill # SB 5336
3
Revenue Impact Detail
First Biennium Second Biennium Third Biennium
FUND SOURCE CODE 1st YEAR 2nd YEAR 3rd YEAR 4th YEAR 5th YEAR 6th YEAR
Total
OTHER
Total
Net
Revenue Impact - by Biennium
FUND SOURCE CODE 1st Biennium 2nd Biennium 3rd Biennium
Total
OTHER
Total
Net
OFM Form FN (10/95)
Fiscal Note # 5336-1
Bill # SB 5336
4
File and source
- File
- 2023-01-17_a30403_d247783_5336-sb-fn-final-01-17-23.pdf
- Size
- 50,552 bytes
- SHA-256
- 8f728363396a0d775b32316b81f82600ab83a8825a6cb7e3893bc0bdf47d1dd7
- Original
- No public link identified.