BILL · 2013–14 SESSION

SB 5154: Cooperative finance orgs

Exempting from business and occupation tax certain amounts received by cooperative finance organizations.

Summary

  • Creating a B&O Exemption for Cooperative Finance Organizations . The B&O tax does not apply to amounts received by a cooperative finance organization where the amounts are derived from loans to rural electric cooperatives or other nonprofit or governmental providers of utility services organized under the laws of Washington.

From the Senate Bill Report (SB 5154), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 21, 2013
  2. Out of committeeMar 1, 2013
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (R-2)
Introduced
January 21, 2013 in the Senate
Last action
January 20, 2014
Companion bill
HB 1272
Budget
Has a fiscal note

AN ACT Relating to exempting from business and occupation tax certain amounts received by cooperative finance organizations;

Sponsors

Prime sponsor: Senator (R-2)

4 co-sponsors (2 Democrats, 2 Republicans)

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. WM - Majority; do pass.
  5. Passed to Rules Committee for second reading.
  6. Minority; do not pass.
  7. And refer to Ways & Means.
  8. EET - Majority; do pass.
  9. Referred to Ways & Means.
  10. First reading, referred to Energy, Environment & Telecommunications.

SB 5154 in other sessions

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

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