BILL · 2003–04 SESSION · LATEST VERSION SHB 2691

HB 2691: B & O tax exemption

Providing a business and occupation tax exemption for qualifying small businesses.

Summary

  • Exempts qualified small businesses from paying business and occupation (B&O) tax if the business has gross proceeds of sales, a gross income or products valued at less than $200,000 and the business paid B&O taxes that exceeded its net business income on its federal tax return during the 12 month test period.

From the House Bill Analysis (HB 2691), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 19, 2004
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
William "Ike" Eickmeyer (D-35)
Introduced
January 19, 2004 in the House
Last action
February 4, 2004
Budget
Has a fiscal note
Versions
HB 2691, SHB 2691

AN ACT Relating to a business and occupation tax exemption for qualifying small businesses;

Sponsors

Votes

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

History

  1. Referred to Finance. (SHB 2691)
  2. Referred to Finance.
  3. TED - Majority; 1st substitute bill be substituted, do pass. (SHB 2691)
  4. TED - Majority; 1st substitute bill be substituted, do pass.
  5. TED - Executive action taken by committee.
  6. First reading, referred to Trade & Economic Development.

HB 2691 in other sessions

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

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