WA People
BILL · 2015–16 SESSION

HB 2996: Tax preferences/K-12 funding

Investing in a well-qualified and sufficient K-12 public education workforce by narrowing or eliminating tax preferences.

Summary

  • Eliminates the preferential business and occupation tax (B&O) tax rate for travel agents and tour operators.
  • Eliminates the preferential B&O tax rate for resellers of prescription drugs.
  • Eliminates the sales and use tax exemption for bottled water.
  • Converts the nonresident sales tax exemption to a remittance program.
  • Narrows a real estate excise tax exemption related to transfers made in foreclosure proceedings or through enforcement of a judgment.
  • Eliminates the preferential B&O tax rate for international investment management services.

From the House Bill Report (HB 2996), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedFeb 24, 2016
  2. Out of committeeFeb 29, 2016
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Kristine Lytton (D-40)
Introduced
February 24, 2016 in the House
Last action
March 10, 2016
Budget
Has a fiscal note

AN ACT Relating to investing in a well-qualified and sufficient K-12 public education workforce by narrowing or eliminating tax preferences;

Sponsors

Prime sponsor: Kristine Lytton (D-40)

2 co-sponsors (2 Democrats, 0 Republicans)

Chris Reykdal D-22Sharon Tomiko Santos D-37

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status.
  2. Referred to Rules 2 Review.
  3. Minority; without recommendation.
  4. Minority; do not pass.
  5. FIN - Majority; do pass.
  6. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 2996 in other sessions

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

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