WA People
BILL · 2017–18 SESSION · LATEST VERSION SHB 2186

HB 2186: Taxes

Concerning investing in Washington families by improving the fairness of the state's excise tax system by narrowing or eliminating tax preferences, imposing a business and occupation tax surcharge while eliminating tax liability for small businesses, enacting an excise tax on capital gains, modifying the real estate excise tax, making administrative changes, and implementing marketplace fairness in Washington.

Summary

  • Imposes a 7 percent tax on adjusted Washington capital gains.
  • Makes changes to the business and occupation tax (B&O), including imposing a 20 percent surtax on certain activities, increasing the filing threshold, repealing the small business credit, creating a new deduction of $250,000, and repealing several preferential rates.
  • Eliminates or narrows several tax preferences.
  • Reforms the real estate excise tax.
  • Requires the reporting of subcontractor information to the Department of Revenue.
  • Requires marketplace facilitators, referrers, and their sellers to collect and remit sales or use tax, or comply with notice and reporting requirements.

From the House Bill Report (HB 2186), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedMar 28, 2017
  2. Out of committeeApr 4, 2017
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Kristine Lytton (D-40)
Introduced
March 28, 2017 in the House
Last action
January 8, 2018
Budget
Has a fiscal note
Versions
HB 2186, SHB 2186

AN ACT Relating to investing in Washington families by improving the fairness of the state's excise tax system by narrowing or eliminating tax preferences, imposing a business and occupation tax surcharge while eliminating tax liability for small businesses, enacting an excise tax on capital gains, modifying the real estate excise tax, making administrative changes, and implementing marketplace fairness in Washington;

Sponsors

Prime sponsor: Kristine Lytton (D-40)

2 co-sponsors (2 Democrats, 0 Republicans)

Laurie Jinkins D-27Nicole Macri D-43

Votes

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

History

  1. Referred to Finance. (SHB 2186)
  2. By resolution, reintroduced and retained in present status. (SHB 2186)
  3. Rules Committee relieved of further consideration. (SHB 2186)
  4. Referred to Finance.
  5. Rules Committee relieved of further consideration.
  6. By resolution, reintroduced and retained in present status.
  7. By resolution, reintroduced and retained in present status. (SHB 2186)
  8. By resolution, reintroduced and retained in present status.
  9. By resolution, reintroduced and retained in present status. (SHB 2186)
  10. By resolution, reintroduced and retained in present status.
  11. By resolution, reintroduced and retained in present status. (SHB 2186)
  12. By resolution, reintroduced and retained in present status.
  13. Referred to Rules 2 Review. (SHB 2186)
  14. Minority; do not pass. (SHB 2186)
  15. FIN - Majority; 1st substitute bill be substituted, do pass. (SHB 2186)
  16. FIN - Majority; 1st substitute bill be substituted, do pass.
  17. Minority; do not pass.
  18. Referred to Rules 2 Review.
  19. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 2186 in other sessions

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

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