WA People
BILL · 2005–06 SESSION · LATEST VERSION SHB 1442

HB 1442: Small business excise tax

Revising excise tax provisions to encourage small business.

Summary

  • Exempts persons from registering with the Department of Revenue if the value of products, gross proceeds of sales, or the gross income of the business from all taxable activities under the business and occupation (B&O) tax or the gross income of the business taxable under the public utilities tax is less than $28,000 per year.
  • Increases the B&O credit to $70 per month.
  • Relieves a person from the payment of B&O taxes if the value of the products, gross proceeds of sales, or gross income of the business from all taxable activities under the B&O tax is less than $56,000 per year.

From the House Bill Report (HB 1442), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 24, 2005
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Derek Kilmer (D-26)
Introduced
January 24, 2005 in the House
Last action
January 9, 2006
Companion bill
SB 5440
Budget
Has a fiscal note
Versions
HB 1442, SHB 1442

AN ACT Relating to revising excise tax provisions to encourage small business;

Sponsors

Prime sponsor: Derek Kilmer (D-26)

17 co-sponsors (15 Democrats, 2 Republicans)

Larry Haler R-8Kelli Linville D-42Jeff Morris D-40Bill Grant D-16Judy Clibborn D-41Chris Strow R-10Brendan Williams D-22Mike Sells D-38Dawn Morrell D-25Steve Conway D-29Maralyn Chase D-32Bill Fromhold D-49Pat Sullivan D-47Dean Takko D-19Tami Green D-28Larry Springer D-45Geoff Simpson D-47

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SHB 1442)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Finance. (SHB 1442)
  4. Referred to Finance.
  5. EDAT - Majority; 1st substitute bill be substituted, do pass. (SHB 1442)
  6. Minority; without recommendation. (SHB 1442)
  7. EDAT - Executive action taken by committee.
  8. Minority; without recommendation.
  9. EDAT - Majority; 1st substitute bill be substituted, do pass.
  10. First reading, referred to Economic Development, Agriculture & Trade.

HB 1442 in other sessions

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

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