Senate Passes Revenue Legislation

A little past 8:30 pm this evening the Senate adopted the revenue conference report and voted to pass half of the two-bill revenue package. The Senate passed Senate Bill 6143 with a vote of 25-21.

Senate Bill 6143 modifies excise tax laws to preserve funding for public schools, colleges, and universities, as well as other public systems essential for the safety, health, and security of all Washingtonians.

Senate Bill 6143 raises $667.7 million in new revenue. Combined with the revenue expected to be generated by an increase in the cigarette tax and taxes on other tobacco products,and revenue generated from lottery revenues and the Convention and Trade Center Account the total revenue generated is expected to be $794.1 million.

Senate Bill 6143 now goes to the Governor for her signature.