WA People
BILL · 2001–02 SESSION

HB 2641: Business & occupation tax

Implementing the recommendations of the investment income tax deduction task force for the business and occupation tax.

Summary

  • $ Eliminates the business and occupation taxation of investment income received by businesses that might be considered financial businesses, except for banking businesses, lending businesses, security business, loans or the extension of credit, revolving credit arrangements, installment sales, and the acceptance of payment over time for goods or services.

From the House Bill Analysis (HB 2641), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 150, Laws of 2002
  1. IntroducedJan 23, 2002
  2. Out of committeeFeb 8, 2002
  3. Passed HouseFeb 14, 2002
  4. Passed SenateMar 7, 2002
  5. GovernorMar 26, 2002
  6. LawMar 26, 2002
Prime sponsor
Jeff Gombosky (D-3)
Introduced
January 23, 2002 in the House
Last action
March 26, 2002
Session law
Chapter 150, Laws of 2002
Requested by
Governor
Companion bill
SB 6384
Budget
Has a fiscal note

AN ACT Relating to implementing the recommendations of the investment income tax deduction task force for the business and occupation tax;

Sponsors

Prime sponsor: Jeff Gombosky (D-3)

9 co-sponsors (8 Democrats, 1 Republican)

Jack Cairnes R-47Lynn Kessler D-24Jeff Morris D-40Jean Berkey D-38Jeanne Edwards D-1Phyllis Gutierrez Kenney D-46Kelli Linville D-42Val Ogden D-49Steve Conway D-29

Votes

House · Final Passage

Passed February 14, 2002
Version voted on: HB 2641
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican47001
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed March 7, 2002
Version voted on: HB 2641
39 Yea 10 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat151000
Republican24000
How each member voted
Permalink to this vote

House · Final Passage as Amended by the Senate

Passed March 11, 2002
Version voted on: HB 2641
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat48002
Republican46002
How each member voted

Yea (94)

Excused (4)

Permalink to this vote
1 other recorded vote (amendments, procedural motions)

Senate · 799 POULSEN PG 2

March 7, 2002
Version voted on: HB 2641
24 Yea 25 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24100
Republican02400
How each member voted
Permalink to this vote

History

  1. Governor signed.
  2. Effective date 7/1/2002.
  3. Chapter 150, 2002 Laws.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Passed final passage; yeas, 94; nays, 0; absent, 0; excused, 4.
  8. House concurred in Senate amendments.
  9. No action on notice to reconsider vote on third reading.
  10. Notice given to reconsider vote on third reading.
  11. Third reading, passed; yeas, 39; nays, 10; absent, 0; excused, 0.
  12. Rules suspended. Placed on Third Reading.
  13. Floor amendment(s) adopted.
  14. Placed on second reading by Rules Committee.
  15. Passed to Rules Committee for second reading.
  16. WM - Majority; do pass.
  17. First reading, referred to Ways & Means.
  18. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1.
  19. Rules suspended. Placed on Third Reading.
  20. Placed on second reading by Rules Committee.
  21. Passed to Rules Committee for second reading.
  22. FIN - Majority; do pass.
  23. FIN - Executive action taken by committee.
  24. First reading, referred to Finance.

HB 2641 in other sessions

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

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