WA People
BILL · 2019–20 SESSION · LATEST VERSION ESB 6016

SB 6016: Investment management/taxes

Concerning the taxation of international investment management companies.

Summary

  • Reauthorizes and expands the sales and use tax exemption for the purchase of standard financial information by qualifying investment management companies and their affiliates.
  • Modifies the qualifications for the international investment management services business and occupation preferential tax rate.

From the Engrossed House Bill Report (ESB 6016), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 426, Laws of 2019
  1. IntroducedApr 17, 2019
  2. Out of committeeApr 19, 2019
  3. Passed SenateApr 23, 2019
  4. Passed HouseApr 27, 2019
  5. GovernorMay 21, 2019
  6. LawMay 21, 2019
Prime sponsor
Marko Liias (D-21)
Introduced
April 17, 2019 in the Senate
Last action
May 21, 2019
Session law
Chapter 426, Laws of 2019
Budget
Has a fiscal note

AN ACT Relating to the taxation of international investment management companies;

Sponsors

Prime sponsor: Marko Liias (D-21)

2 co-sponsors (2 Democrats, 0 Republicans)

Christine Rolfes D-23Senator D-22

Votes

Senate · 3rd Reading & Final Passage

Passed April 23, 2019
Version voted on: ESB 6016
28 Yea 19 Nay 1 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat27200
Republican11711
How each member voted

Absent (1)

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the House

Passed April 27, 2019
Version voted on: ESB 6016
76 Yea 22 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat50700
Republican261500
How each member voted

Yea (76)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed April 28, 2019
Version voted on: ESB 6016
27 Yea 19 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat26201
Republican11702
How each member voted

Excused (3)

Permalink to this vote

History

  1. Effective date 7/28/2019*. (ESB 6016)
  2. Chapter 426, 2019 Laws. (ESB 6016)
  3. Governor signed. (ESB 6016)
  4. Delivered to Governor. (ESB 6016)
  5. Passed final passage; yeas, 27; nays, 19; absent, 0; excused, 3. (ESB 6016)
  6. Senate concurred in House amendments. (ESB 6016)
  7. Speaker signed. (ESB 6016)
  8. President signed. (ESB 6016)
  9. Placed on second reading. (ESB 6016)
  10. Minority; without recommendation. (ESB 6016)
  11. FIN - Majority; do pass with amendment(s). (ESB 6016)
  12. Third reading, passed; yeas, 76; nays, 22; absent, 0; excused, 0. (ESB 6016)
  13. Rules suspended. Placed on Third Reading. (ESB 6016)
  14. Committee amendment(s) adopted with no other amendments. (ESB 6016)
  15. First reading, referred to Finance. (ESB 6016)
  16. Rules suspended. Placed on Third Reading. (ESB 6016)
  17. Floor amendment(s) adopted. (ESB 6016)
  18. Third reading, passed; yeas, 28; nays, 19; absent, 1; excused, 1. (ESB 6016)
  19. Placed on second reading by Rules Committee. (ESB 6016)
  20. Passed to Rules Committee for second reading. (ESB 6016)
  21. Minority; without recommendation. (ESB 6016)
  22. Minority; do not pass. (ESB 6016)
  23. WM - Majority; do pass. (ESB 6016)
  24. First reading, referred to Ways & Means. (ESB 6016)

SB 6016 in other sessions

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

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