BILL · 2001–02 SESSION

SB 6384: Business & occupation tax

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

Summary

  • The term "other financial business" is no longer used for B&O tax purposes. Instead, tax is specifically applied to 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 Senate Bill Report (SB 6384), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 16, 2002
  2. Out of committeeFeb 19, 2002
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Lisa Brown (D-3)
Introduced
January 16, 2002 in the Senate
Last action
February 19, 2002
Requested by
Governor
Companion bill
HB 2641
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: Lisa Brown (D-3)

5 co-sponsors (2 Democrats, 3 Republicans)

Votes

No recorded floor votes.

History

  1. Committee relieved of further consideration. Placed on second reading.
  2. First reading, referred to Ways & Means.

SB 6384 in other sessions

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

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