WA People
BILL · 2013–14 SESSION · LATEST VERSION 2SHB 1693

HB 1693: New businesses/tax relief

Providing tax relief for new businesses in high growth business sectors.

Summary

  • Allows certain new businesses, in computing business and occupation tax due, a deduction of $1 million from the measure of gross revenue for the first 36 months of operations.
  • Establishes a statewide cap of $2 million per fiscal year.
  • Includes an expiration date of December 31, 2018.
  • Requires taxpayers using the deduction to file the annual survey with the Department of Revenue.
  • Establishes goals and performance benchmarks for use by the Joint Legislative Audit and Review Commission in reviewing the effectiveness of the tax preference.

From the House Bill Report (HB 1693), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 5, 2013
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Cyrus Habib (D-48)
Introduced
February 5, 2013 in the House
Last action
January 13, 2014
Budget
Has a fiscal note
Versions
HB 1693, SHB 1693, 2SHB 1693

AN ACT Relating to providing tax relief for new businesses in high growth business sectors;

Sponsors

Prime sponsor: Cyrus Habib (D-48)

4 co-sponsors (3 Democrats, 1 Republican)

Chad Magendanz R-5Jeff Morris D-40Gael Tarleton D-36Cindy Ryu D-32

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (2SHB 1693)
  2. By resolution, reintroduced and retained in present status. (SHB 1693)
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status. (2SHB 1693)
  5. By resolution, reintroduced and retained in present status. (SHB 1693)
  6. By resolution, reintroduced and retained in present status.
  7. By resolution, reintroduced and retained in present status. (2SHB 1693)
  8. By resolution, reintroduced and retained in present status. (SHB 1693)
  9. By resolution, reintroduced and retained in present status.
  10. Referred to Appropriations. (2SHB 1693)
  11. Referred to Appropriations. (SHB 1693)
  12. Referred to Appropriations.
  13. Minority; do not pass. (2SHB 1693)
  14. FIN - Majority; 2nd substitute bill be substituted, do pass. (2SHB 1693)
  15. FIN - Majority; 2nd substitute bill be substituted, do pass. (SHB 1693)
  16. Minority; do not pass. (SHB 1693)
  17. FIN - Executive action taken by committee. (SHB 1693)
  18. FIN - Executive action taken by committee.
  19. Minority; do not pass.
  20. FIN - Majority; 2nd substitute bill be substituted, do pass.
  21. Referred to Finance. (SHB 1693)
  22. Referred to Finance.
  23. TED - Majority; 1st substitute bill be substituted, do pass. (SHB 1693)
  24. TED - Executive action taken by committee.
  25. TED - Majority; 1st substitute bill be substituted, do pass.
  26. First reading, referred to Technology & Economic Development.

HB 1693 in other sessions

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

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