WA People
BILL · 2007–08 SESSION · LATEST VERSION 2SHB 2625

HB 2625: Employer-assisted housing

Providing tax relief to promote employer-assisted housing.

Summary

  • Creates an Employer Assisted Housing Program (Program) to provide homeownership counseling and housing-related financial assistance to employees of employers who make financial contributions to the Program (or to employees of other specific beneficiary entities). The Program will be administered by the Housing Finance Commission.
  • Establishes a credit against state business and occupation (B&O) tax for contributions by employers to eligible affordable housing programs. The state tax credit equals 25 percent of the amount contributed up to a maximum for all firms of $1 million. Employers in cities with local gross receipts taxes are eligible for a similar credit of 25 percent of the amount contributed against the municipal B&O tax.

From the House Bill Report (HB 2625), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedJan 14, 2008
  2. Out of committeeFeb 12, 2008
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Larry Springer (D-45)
Introduced
January 14, 2008 in the House
Last action
February 12, 2008
Budget
Has a fiscal note
Versions
HB 2625, SHB 2625, 2SHB 2625

AN ACT Relating to tax relief to promote employer-assisted housing;

Sponsors

Prime sponsor: Larry Springer (D-45)

8 co-sponsors (8 Democrats, 0 Republicans)

Mark Ericks D-1Brendan Williams D-22Marko Liias D-21Timm Ormsby D-3Mike Sells D-38Jeannie Darneille D-27Geoff Simpson D-47Sherry Appleton D-23

Votes

No recorded floor votes.

History

  1. Passed to Rules Committee for second reading. (2SHB 2625)
  2. FIN - Majority; 2nd substitute bill be substituted, do pass. (2SHB 2625)
  3. FIN - Executive action taken by committee. (SHB 2625)
  4. FIN - Majority; 2nd substitute bill be substituted, do pass. (SHB 2625)
  5. Passed to Rules Committee for second reading. (SHB 2625)
  6. Passed to Rules Committee for second reading.
  7. FIN - Majority; 2nd substitute bill be substituted, do pass.
  8. FIN - Executive action taken by committee.
  9. Referred to Finance. (SHB 2625)
  10. Referred to Finance.
  11. HOUS - Majority; 1st substitute bill be substituted, do pass. (SHB 2625)
  12. HOUS - Executive action taken by committee.
  13. HOUS - Majority; 1st substitute bill be substituted, do pass.
  14. First reading, referred to Housing.
  15. Prefiled for introduction.

HB 2625 in other sessions

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

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