BILL · 2017–18 SESSION · LATEST VERSION SHB 2940

HB 2940: Business and occupation tax

Making the business and occupation tax more progressive.

Summary

Increases the business and occupation (B&O) tax filing threshold to $125,000, beginning January 1, 2020.
Implements a B&O credit and a B&O surcharge based on the calculation of a taxpayer's "margin," beginning January 1, 2020.
Repeals the small business tax credit, effective January 1, 2020.
Creates the Task Force on Business and Occupation Tax Fairness.

From the House Bill Report (HB 2940), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to making the business and occupation tax more progressive;

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

Feb 6, 2018Referred to Appropriations. (SHB 2940)
Feb 6, 2018Referred to Appropriations.
Feb 5, 2018FIN - Majority; 1st substitute bill be substituted, do pass. (SHB 2940)
Feb 5, 2018Minority; do not pass. (SHB 2940)
Feb 5, 2018Minority; do not pass.
Feb 5, 2018FIN - Majority; 1st substitute bill be substituted, do pass.
Jan 26, 2018First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

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

HB 2940 (2019–20) Wild Skagit river · Did not pass · died in committee
HB 2940 (2015–16) Voyeurism in the 2nd degree · Did not pass · died in committee
HB 2940 (2009–10) Deleterious feral animals · Did not pass · died in committee
HB 2940 (2007–08) Veteran-owned business · Did not pass · died in committee
HB 2940 (2005–06) Certificate of attainment · Did not pass · died in committee
HB 2940 (2003–04) Employment leave · Did not pass · stalled on the House floor
HB 2940 (2001–02) Newspaper sales & use taxes · Did not pass · died in committee
HB 2940 (1999–00) Manufacturing equipmnt/tax · Did not pass · died in committee