BILL · 2005–06 SESSION · LATEST VERSION 2SSB 6604

SB 6604: Tax relief for aerospace

Providing excise tax relief for aerospace businesses.

Summary

  • Extends the sales and use tax exemption for computer equipment and software used primarily in commercial airplane development to nonmanufacturing firms.
  • Extends the Business and Occupation (B&O) tax credit equal to 1.5 percent of preproduction development expenditures related to commercial aircraft to nonmanufacturing firms.
  • Allows B&O tax credit for leasehold excise taxes paid on property used in the manufacture of commercial airplanes and airplane components.
  • Extends the reduced B&O tax rate for Federal Aviation Administration certificated repair stations engaged in the repair of equipment used in interstate or foreign commerce to July 1, 2011.

From the Second Substitute House Bill Report (2SSB 6604), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 16, 2006
  2. Out of committeeFeb 17, 2006
  3. Passed SenateFeb 17, 2006
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 16, 2006 in the Senate
Last action
March 8, 2006
Companion bill
HB 2466
Budget
Has a fiscal note
Versions
SB 6604, SSB 6604, 2SSB 6604

AN ACT Relating to providing excise tax relief for aerospace businesses;

Sponsors

Prime sponsor: Margarita Prentice (D-11)

2 co-sponsors (2 Democrats, 0 Republicans)

Votes

Senate · 3rd Reading & Final Passage

Passed February 17, 2006
Version voted on: SSB 6604
37 Yea 6 Nay 1 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat19610
Republican18005
How each member voted

History

  1. By resolution, returned to Senate Rules Committee for third reading. (2SSB 6604)
  2. Passed to Rules Committee for second reading. (2SSB 6604)
  3. FIN - Executive action taken by committee. (2SSB 6604)
  4. Minority; without recommendation. (2SSB 6604)
  5. FIN - Majority; do pass. (2SSB 6604)
  6. First reading, referred to Finance. (2SSB 6604)
  7. Third reading, passed; yeas, 37; nays, 6; absent, 1; excused, 5. (2SSB 6604)
  8. Rules suspended. Placed on Third Reading. (2SSB 6604)
  9. 2nd substitute bill substituted. (2SSB 6604)
  10. Minority; do not pass. (2SSB 6604)
  11. WM - Majority; 2nd substitute bill be substituted, do pass. (2SSB 6604)
  12. Minority; without recommendation. (2SSB 6604)
  13. Placed on second reading. (2SSB 6604)
  14. Rules suspended. (2SSB 6604)
  15. Rules suspended. (SSB 6604)
  16. Placed on second reading. (SSB 6604)
  17. Minority; without recommendation. (SSB 6604)
  18. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 6604)
  19. Minority; do not pass. (SSB 6604)
  20. 2nd substitute bill substituted. (SSB 6604)
  21. 2nd substitute bill substituted.
  22. Minority; do not pass.
  23. WM - Majority; 2nd substitute bill be substituted, do pass.
  24. Minority; without recommendation.
  25. Placed on second reading.
  26. Rules suspended.
  27. And refer to Ways & Means. (SSB 6604)
  28. Referred to Ways & Means. (SSB 6604)
  29. ITED - Majority; 1st substitute bill be substituted, do pass. (SSB 6604)
  30. ITED - Majority; 1st substitute bill be substituted, do pass.
  31. Referred to Ways & Means.
  32. And refer to Ways & Means.
  33. First reading, referred to International Trade & Economic Development.

SB 6604 in other sessions

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

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