BILL · 2005–06 SESSION · LATEST VERSION SSB 6874

SB 6874: Timber tax incentives

Providing tax incentives for the timber and timber products industries.

Summary

  • Reduces the business and occupation tax rate from 0.484 percent to 0.2904 percent for extracting, manufacturing and wholesaling some wood products.
  • Adds a surcharge of 0.052 percent on lower business and occupation tax rate to pay for forest and fish related activities by Indian tribes and others. Suspends the surcharge if federal appropriations are made for tribal participation.

From the Substitute House Bill Report (SSB 6874), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 300, Laws of 2006
  1. IntroducedJan 30, 2006
  2. Out of committeeFeb 17, 2006
  3. Passed SenateFeb 17, 2006
  4. Passed HouseMar 7, 2006
  5. GovernorMar 29, 2006
  6. LawMar 29, 2006
Prime sponsor
Mark Doumit (D-19)
Introduced
January 30, 2006 in the Senate
Last action
March 29, 2006
Session law
Chapter 300, Laws of 2006
Companion bill
HB 3286
Budget
Has a fiscal note
Versions
SB 6874, SSB 6874

AN ACT Relating to tax incentives for persons who extract, manufacture, or process timber and timber products;

Sponsors

Prime sponsor: Mark Doumit (D-19)

5 co-sponsors (3 Democrats, 2 Republicans)

Votes

Senate · 3rd Reading & Final Passage

Passed February 17, 2006
Version voted on: SSB 6874
40 Yea 4 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat22400
Republican18005
How each member voted

House · Final Passage as Amended by the House

Passed March 7, 2006
Version voted on: SSB 6874
93 Yea 5 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat51500
Republican42000
How each member voted

Yea (93)

Senate · Final Passage as Amended by the House

Passed March 8, 2006
Version voted on: SSB 6874
40 Yea 5 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat19502
Republican21002
How each member voted

History

  1. Governor signed. (SSB 6874)
  2. Effective date 7/1/2006***. (SSB 6874)
  3. Chapter 300, 2006 Laws. (SSB 6874)
  4. Senate concurred in House amendments. (SSB 6874)
  5. Passed final passage; yeas, 40; nays, 5; absent, 0; excused, 4. (SSB 6874)
  6. President signed. (SSB 6874)
  7. Delivered to Governor. (SSB 6874)
  8. Speaker signed. (SSB 6874)
  9. Floor amendment(s) adopted. (SSB 6874)
  10. Committee amendment not adopted. (SSB 6874)
  11. Third reading, passed; yeas, 93; nays, 5; absent, 0; excused, 0. (SSB 6874)
  12. Rules suspended. Placed on Third Reading. (SSB 6874)
  13. Rules Committee relieved of further consideration. Placed on second reading. (SSB 6874)
  14. Passed to Rules Committee for second reading. (SSB 6874)
  15. FIN - Executive action taken by committee. (SSB 6874)
  16. FIN - Majority; do pass with amendment(s). (SSB 6874)
  17. First reading, referred to Finance. (SSB 6874)
  18. Third reading, passed; yeas, 40; nays, 4; absent, 0; excused, 5. (SSB 6874)
  19. Rules suspended. Placed on Third Reading. (SSB 6874)
  20. 1st substitute bill substituted. (SSB 6874)
  21. Rules suspended. (SSB 6874)
  22. Placed on second reading. (SSB 6874)
  23. WM - Majority; 1st substitute bill be substituted, do pass. (SSB 6874)
  24. Minority; without recommendation. (SSB 6874)
  25. Minority; without recommendation.
  26. WM - Majority; 1st substitute bill be substituted, do pass.
  27. Placed on second reading.
  28. Rules suspended.
  29. 1st substitute bill substituted.
  30. First reading, referred to Ways & Means.

SB 6874 in other sessions

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

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