BILL · 2005–06 SESSION
HB 2938: Credit card applications
Addressing credit card applications and rates.
Summary
- Increases the tax rate on the gross income generate from credit card interest rates that exceed the state usury rate.
- Creates a vocational education account (Account) that may only be used for the enhancement of expenditures on vocational education.
- Deposits the taxes from the increased credit card tax rate into the Account.
- Makes the sending of unsolicited credit cards by a state chartered financial institution a violation of the Consumer Protection Act.
From the House Bill Analysis (HB 2938), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 17, 2006
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Maralyn Chase (D-32)
- Introduced
- January 17, 2006 in the House
- Last action
- January 17, 2006
- Companion bill
- SB 6863
- Budget
- Has a fiscal note
AN ACT Relating to credit cards;
Sponsors
Prime sponsor: Maralyn Chase (D-32)
10 co-sponsors (10 Democrats, 0 Republicans)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- First reading, referred to Financial Institutions & Insurance.
HB 2938 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 2938 (2019–20) Property tax reduction
- HB 2938 (2017–18) Campaign finance
- HB 2938 (2015–16) WA trade conventions/taxes
- HB 2938 (2009–10) Regional support networks
- HB 2938 (2007–08) Annexation procedures
- HB 2938 (2003–04) Long-term care financing
- HB 2938 (2001–02) Ergonomic rules
- HB 2938 (1999–00) Food processors/tax