WA People
BILL · 2009–10 SESSION

SB 6873: Increasing state revenues

Increasing state revenues to preserve funding for essential public services by preventing abusive tax avoidance transactions, narrowing or eliminating certain tax preferences, and providing equitable tax treatment.

Summary

  • Establishing minimum nexus standards;
  • Limiting: tax avoidance methods, the first mortgage deduction to the first $100 million in income, the B&O deduction for dues and fees, the bad debt deduction, community solar incentives, and the exemption for machinery used to create electricity from wind;
  • Making the nonresident sales tax exemption into a refund program;
  • Eliminating: the direct seller B&O exemption, and the tax preference for bullion, and the trade-in allowance;
  • Clarifying: the B&O tax on manufacturing of certain agricultural products, the foreclosure exemption from REET, eligibility for the rural county programs, and gross revenue - PUD privilege tax clarification;
  • Imposing B&O tax on corporate directors;

From the Senate Bill Report (Orig.) (SB 6873), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 24, 2010
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Ed Murray (D-43)
Introduced
February 24, 2010 in the Senate
Last action
March 15, 2010

AN ACT Relating to increasing state revenues to preserve funding for essential public services by preventing abusive tax avoidance transactions, narrowing or eliminating certain tax preferences, and providing equitable tax treatment;

Sponsors

Prime sponsor: Ed Murray (D-43)

9 co-sponsors (9 Democrats, 0 Republicans)

Adam Kline D-37Jeanne Kohl-Welles D-36Debbie Regala D-27Kevin Ranker D-40Karen Keiser D-33Darlene Fairley D-32Eric Oemig D-45Karen Fraser D-22Ken Jacobsen D-46

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Ways & Means.

SB 6873 in other sessions

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

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