WA People
BILL · 2013–14 SESSION

SB 5101: Financial info sales/tax ex.

Concerning a sales and use tax exemption for certain financial information provided to qualifying businesses providing international investment management services.

Summary

  • A retail sales and use tax exemption is created for the sale of Standard Financial Information (SFI) to Qualifying International Investment Management Companies (QIIMC). SFI is defined as financial data, facts or information, or financial information services, that is developed for more than one single customer.

From the Senate Bill Report (SB 5101), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 18, 2013
  2. Out of committeeMar 1, 2013
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Mark Mullet (D-5)
Introduced
January 18, 2013 in the Senate
Last action
January 20, 2014
Companion bill
HB 1567
Budget
Has a fiscal note

AN ACT Relating to a sales and use tax exemption for certain financial information provided to qualifying businesses providing international investment management services;

Sponsors

Prime sponsor: Mark Mullet (D-5)

8 co-sponsors (3 Democrats, 5 Republicans)

Steve Hobbs D-44Steve Litzow R-41Joe Fain R-47Ed Murray D-43Brian Hatfield D-19Andy Hill R-45Mike Hewitt R-16Mark Schoesler R-9

Votes

No recorded floor votes.

History

  1. Senate Rules "X" file.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. Minority; do not pass.
  5. WM - Majority; do pass.
  6. Passed to Rules Committee for second reading.
  7. Referred to Ways & Means.
  8. And refer to Ways & Means.
  9. FIHI - Majority; do pass.
  10. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5101 in other sessions

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

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