WA People
BILL · 2003–04 SESSION

HB 1633: Definition of successor

Changing the definition of successor for state excise tax purposes.

Summary

  • Modifies the definition of "successor" for purposes of liability for unpaid excise taxes after a business or its assets are sold.
  • Provides that a successor is a person who acquires 50 percent of the fair market value of either the tangible assets or intangible assets of the taxpayer, or is the surviving corporation of a statutory merger.
  • Limits successor's liability for unpaid taxes to the value of the assets acquired if that value is less than $50,000.

From the House Bill Analysis (HB 1633), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 3, 2003
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Jim McIntire (D-46)
Introduced
February 3, 2003 in the House
Last action
January 12, 2004
Requested by
State agency
Budget
Has a fiscal note

AN ACT Relating to changing the definition of successor for state excise tax purposes;

Sponsors

Prime sponsor: Jim McIntire (D-46)

2 co-sponsors (2 Democrats, 0 Republicans)

Jeff Gombosky D-3Steve Conway D-29

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. First reading, referred to Finance.

HB 1633 in other sessions

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

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