BILL · 2017–18 SESSION

HB 2672: Small business tax relief

Providing small business tax relief.

Summary

  • Increases the business and occupation (B&O) tax gross receipts filing threshold to $150,000 for service businesses and $125,000 for all other businesses.
  • Increases the B&O small business tax credit to $185 per month for service businesses and $50 per month for all other businesses.

From the House Bill Analysis 2018 (HB 2672), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 12, 2018
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Joe Schmick (R-9)
Introduced
January 12, 2018 in the House
Last action
January 12, 2018
Budget
Has a fiscal note

AN ACT Relating to providing small business tax relief;

Sponsors

Prime sponsor: Joe Schmick (R-9)

2 co-sponsors (0 Democrats, 2 Republicans)

Votes

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

History

  1. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 2672 in other sessions

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

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