WA People
BILL · 2017–18 SESSION · LATEST VERSION SSB 5768

SB 5768: Leasehold excise tax credit

Concerning a leasehold excise tax credit for properties of market value in excess of ten million dollars and for certain major international airport leases.

Summary

  • Creates a leasehold excise tax credit for the amount of leasehold excise tax exceeding the property tax that would apply if the taxpayer owned the real property.
  • Applies only to leasehold interests on parcels with a market value of more than $10 million owned by a state university or a major international airport.

From the Substitute Senate Bill Report (SSB 5768), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedFeb 9, 2017
  2. Out of committeeApr 3, 2017
  3. Passed SenateApr 10, 2017
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Dino Rossi (R-45)
Introduced
February 9, 2017 in the Senate
Last action
January 8, 2018
Companion bill
HB 1864
Budget
Has a fiscal note
Versions
SB 5768, SSB 5768

AN ACT Relating to a leasehold excise tax credit for properties of market value in excess of ten million dollars and for certain major international airport leases;

Sponsors

Prime sponsor: Dino Rossi (R-45)

1 co-sponsor (1 Democrat, 0 Republicans)

Senator D-46

Votes

Senate · 3rd Reading & Final Passage

Passed April 10, 2017
Version voted on: SSB 5768
34 Yea 14 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat101401
Republican24000
How each member voted

Excused (1)

Permalink to this vote

History

  1. Senate Rules "X" file. (SSB 5768)
  2. By resolution, reintroduced and retained in present status. (SSB 5768)
  3. By resolution, reintroduced and retained in present status. (SSB 5768)
  4. Returned to Senate Rules 3. (SSB 5768)
  5. Placed on third reading by Rules Committee. (SSB 5768)
  6. By resolution, reintroduced and retained in present status. (SSB 5768)
  7. By resolution, reintroduced and retained in present status. (SSB 5768)
  8. Placed on Rules White Sheet. (SSB 5768)
  9. By resolution, returned to Senate Rules Committee for third reading. (SSB 5768)
  10. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report). (SSB 5768)
  11. Third reading, passed; yeas, 34; nays, 14; absent, 0; excused, 1. (SSB 5768)
  12. Rules suspended. Placed on Third Reading. (SSB 5768)
  13. 1st substitute bill substituted. (SSB 5768)
  14. 1st substitute bill substituted.
  15. Placed on second reading by Rules Committee. (SSB 5768)
  16. Placed on second reading by Rules Committee.
  17. Passed to Rules Committee for second reading. (SSB 5768)
  18. Passed to Rules Committee for second reading.
  19. WM - Majority; 1st substitute bill be substituted, do pass. (SSB 5768)
  20. Minority; do not pass. (SSB 5768)
  21. Minority; without recommendation. (SSB 5768)
  22. Minority; without recommendation.
  23. Minority; do not pass.
  24. WM - Majority; 1st substitute bill be substituted, do pass.
  25. First reading, referred to Ways & Means.

SB 5768 in other sessions

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

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