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BILL · 2019–20 SESSION · LATEST VERSION SSB 5325

SB 5325: Financial information/taxes

Exempting certain standard financial information purchased by investment management companies from sales and use tax in order to improve industry competitiveness.

Summary

  • Expands retail sales and use tax exemption on the sale of Standard Financial Information (SFI) to Qualifying International Investment Management Companies (QIIMC) and QIIMC affiliates.
  • Changes expiration of the retail sales and use tax exemption on SFI to July 1, 2031.

From the Senate Bill Report (SB 5325), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 17, 2019
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Marko Liias (D-21)
Introduced
January 17, 2019 in the Senate
Last action
January 13, 2020
Companion bill
HB 1266
Budget
Has a fiscal note
Versions
SB 5325, SSB 5325

AN ACT Relating to exempting certain standard financial information purchased by investment management companies from sales and use tax in order to improve industry competitiveness;

Sponsors

Prime sponsor: Marko Liias (D-21)

6 co-sponsors (2 Democrats, 4 Republicans)

John Braun R-20Mark Mullet D-5Guy Palumbo D-1Senator R-8Senator R-18Judy Warnick R-13

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SSB 5325)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Ways & Means. (SSB 5325)
  4. Referred to Ways & Means.
  5. FIET - Majority; 1st substitute bill be substituted, do pass. (SSB 5325)
  6. Minority; without recommendation. (SSB 5325)
  7. And refer to Ways & Means. (SSB 5325)
  8. And refer to Ways & Means.
  9. Minority; without recommendation.
  10. FIET - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Financial Institutions, Economic Development & Trade.

SB 5325 in other sessions

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

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