WA People
BILL · 2013–14 SESSION

SB 5429: Tax prefs/manufacturing

Increasing accountability for the tax preferences for manufacturing machinery and equipment by requiring a net benefit to the state and deferring sales and use tax.

Summary

  • The current M&E exemption is replaced with a 20-year sales and use tax deferral. The deferral is available only when a net benefit to the state is demonstrated.

From the Senate Bill Report (Orig.) (SB 5429), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 30, 2013
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Maralyn Chase (D-32)
Introduced
January 30, 2013 in the Senate
Last action
January 13, 2014
Budget
Has a fiscal note

AN ACT Relating to increasing accountability for the tax preferences for manufacturing machinery and equipment by requiring a net benefit to the state and deferring sales and use tax;

Sponsors

Prime sponsor: Maralyn Chase (D-32)

6 co-sponsors (6 Democrats, 0 Republicans)

Bob Hasegawa D-11Steve Conway D-29Sharon Nelson D-34Jeanne Kohl-Welles D-36Karen Keiser D-33Adam Kline D-37

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Trade & Economic Development.

SB 5429 in other sessions

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

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