BILL · 2005–06 SESSION

HB 1675: 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 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 Analysis (HB 1675), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 1, 2005
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Ed Orcutt (R-18)
Introduced
February 1, 2005 in the House
Last action
January 9, 2006
Budget
Has a fiscal note

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

Sponsors

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Economic Development, Agriculture & Trade.

HB 1675 in other sessions

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

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