WA People
BILL · 1995–96 SESSION

SB 5728: Intrnl investment mangmnt co

Modifying the business and occupation tax on international investment management companies.

Summary

  • The B&O tax rate on the business of providing international investment management services is reduced from 1.7 percent to 0.287 percent, which consists of a base rate of 0.275 percent and a surtax of 0.012 percent.

From the Senate Bill Report (SB 5728), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 229, Laws of 1995
  1. IntroducedFeb 2, 1995
  2. Out of committee
  3. Passed SenateMar 14, 1995
  4. Passed HouseApr 14, 1995
  5. Governor
  6. LawMay 4, 1995
Prime sponsor
Marcus Gaspard (D-25)
Introduced
February 2, 1995 in the Senate
Last action
May 4, 1995
Session law
Chapter 229, Laws of 1995
Companion bill
HB 1662
Budget
Has a fiscal note

Sponsors

Prime sponsor: Marcus Gaspard (D-25)

5 co-sponsors (3 Democrats, 2 Republicans)

Dan McDonald R-48R. Lorraine Wojahn D-27Nita Rinehart D-46Marilyn Rasmussen D-2Shirley Winsley R-28

Votes

Senate · Final Passage

March 14, 1995
Version voted on: SB 5728
43 Yea 5 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat21301
Republican22200
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage

April 14, 1995
Version voted on: SB 5728
87 Yea 4 Nay 1 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat31401
Republican56014
How each member voted

Yea (87)

Absent (1)

Permalink to this vote

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5728 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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