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BILL · 2005–06 SESSION · LATEST VERSION SSB 5640

SB 5640: Taxation of royalties

Exempting royalty income on patents and copyrights from business and occupation tax for five years.

Summary

  • The B&O tax does not apply to royalties received for patents or copyrights during the five years following the registration of the copyright or the filing of the patent..

From the Senate Bill Report (SB 5640), 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 Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Tracey Eide (D-30)
Introduced
February 1, 2005 in the Senate
Last action
January 9, 2006
Budget
Has a fiscal note
Versions
SB 5640, SSB 5640

AN ACT Relating to the business and occupation taxation of royalties;

Sponsors

Prime sponsor: Tracey Eide (D-30)

3 co-sponsors (3 Democrats, 0 Republicans)

Mary Margaret Haugen D-10Paull Shin D-21Marilyn Rasmussen D-2

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SSB 5640)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Ways & Means. (SSB 5640)
  4. ITED - Majority; 1st substitute bill be substituted, do pass. (SSB 5640)
  5. And refer to Ways & Means. (SSB 5640)
  6. And refer to Ways & Means.
  7. ITED - Majority; 1st substitute bill be substituted, do pass.
  8. Referred to Ways & Means.
  9. First reading, referred to International Trade & Economic Development.

SB 5640 in other sessions

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

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