WA People
BILL · 2013–14 SESSION

HB 2521: 1st mortgage interest/B&O tx

Concerning the first mortgage interest business and occupation tax deduction.

Summary

  • Finds that: (1) The implementation of tax policy is often complicated by mandatory accounting rules; (2) Such accounting rules should not dictate the application of tax policy adopted by the legislature; and (3) The department of revenue is often unable to fully implement the will of the legislature due to unanticipated accounting rules or changes to established rules.

From the Bill Digest (HB 2521), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 20, 2014
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 20, 2014 in the House
Last action
January 20, 2014
Companion bill
SB 6269

AN ACT Relating to the first mortgage interest business and occupation tax deduction;

Sponsors

Prime sponsor: Steve Kirby (D-29)

3 co-sponsors (2 Democrats, 1 Republican)

Ed Orcutt R-20Pat Sullivan D-47Kathy Haigh D-35

Votes

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

History

  1. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 2521 in other sessions

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

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