WA People
BILL · 2013–14 SESSION · LATEST VERSION SSB 6269

SB 6269: 1st mortgage interest/B&O tx

Concerning the first mortgage interest business and occupation tax deduction.

Summary

  • The interest deductible under the first mortgage interest deduction is stated to include amounts charged to borrowers for the use of money, including point and loan origination fees. As to the nonexclusive list of items not subject to the first mortgage interest deduction, "any other fees, or portion of a fee" is changed by adding "other than points and loan origination fees."

From the Senate Bill Report (Orig.) (SB 6269), 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 Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jan Angel (R-26)
Introduced
January 20, 2014 in the Senate
Last action
February 6, 2014
Companion bill
HB 2521
Budget
Has a fiscal note
Versions
SB 6269, SSB 6269

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

Sponsors

Prime sponsor: Jan Angel (R-26)

4 co-sponsors (2 Democrats, 2 Republicans)

Steve Hobbs D-44Joe Fain R-47Rodney Tom D-48Don Benton R-17

Votes

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

History

  1. Referred to Ways & Means. (SSB 6269)
  2. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 6269)
  3. Minority; do not pass. (SSB 6269)
  4. And refer to Ways & Means. (SSB 6269)
  5. And refer to Ways & Means.
  6. Minority; do not pass.
  7. FIHI - Majority; 1st substitute bill be substituted, do pass.
  8. Referred to Ways & Means.
  9. First reading, referred to Financial Institutions, Housing & Insurance.

SB 6269 in other sessions

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

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