BILL · 2019–20 SESSION

HB 2945: Aerospace B&O taxes/WTO

Concerning aerospace business and occupation taxes and world trade organization compliance.

Summary

  • Imposes the business and occupation (B&O) standard tax rates of 0.484 percent on the manufacturing of commercial airplanes and components of commercial airplanes, the making of sales at retail or wholesale of commercial airplanes and components of commercial airplanes manufactured by the seller beginning April 1, 2020.
  • Allows for the reimposition of the preferential B&O rate of 0.2904 percent on the manufacturing of commercial airplanes and components of commercial airplanes, the making of sales at retail or wholesale of commercial airplanes and components of commercial airplanes manufactured by the seller if the United States and the European Union resolve their World Trade Organization disputes regarding large civil aircraft and the resolution agreement allows the 0.2904 percent preferential rate.

From the House Bill Report (HB 2945), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedFeb 20, 2020
  2. Out of committeeFeb 28, 2020
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Pat Sullivan (D-47)
Introduced
February 20, 2020 in the House
Last action
March 12, 2020
Companion bill
ESB 6690
Budget
Has a fiscal note

AN ACT Relating to aerospace business and occupation taxes and world trade organization compliance;

Sponsors

Prime sponsor: Pat Sullivan (D-47)

Votes

No recorded floor votes.

History

  1. Returned to Rules Committee for second reading.
  2. Rules Committee relieved of further consideration. Placed on second reading.
  3. Referred to Rules 2 Review.
  4. Minority; without recommendation.
  5. FIN - Majority; do pass.
  6. First reading, referred to Finance.

HB 2945 in other sessions

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

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