BILL · 2011–12 SESSION

SB 5945: Excise tax/govt services

Modifying excise tax laws to provide funding for essential government services.

Summary

Nonfinancial businesses may deduct no more than $250,000 per year for income related to investments. The deduction for interest income derived from first lien residential mortgages is unavailable to financial businesses which are located in ten or more states.

From the Senate Bill Report (Orig.) (SB 5945), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to modifying excise tax laws to provide funding for essential government services;

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

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

SB 5945 (2025–26) Persistent offenders · Did not pass · died in committee
SB 5945 (2023–24) Vehicle dealers · Did not pass · stalled on the Senate floor
SB 5945 (2021–22) Human trafficking · Did not pass · died in committee
SB 5945 (2019–20) Youth gang reduction pilot · Did not pass · died in committee
SB 5945 (2017–18) School siting/GMA · Did not pass · stalled on the Senate floor
SB 5945 (2015–16) Incapacitated and vulnerable · Did not pass · died in committee
SB 5945 (2013–14) Principal empowerment · Did not pass · died in committee
SB 5945 (2009–10) WA health partnership plan · Enacted with partial veto · Chapter 545, Laws of 2009