BILL · 2021–22 SESSION · LATEST VERSION SHB 1279

HB 1279: Main street program

Modifying the Washington main street program tax incentive to respond to the economic impacts of the COVID-19 pandemic.

Summary

  • Expands the total business and occupation (B&O) tax or public utility tax (PUT) credit allowed under the Main Street Tax Incentive program to 75 percent, for contributions made to the state Main Street Trust Fund beginning in calendar year 2021.
  • Expands the total tax credits allowed statewide to $5 million and for each designated local program to $160,000 for the Main Street Tax Incentive program.
  • Specifies that the Department of Revenue must allocate tax credits under the Main Street Tax Incentive program between 8:00 a.m. on the second Monday in January and 8:00 a.m. on April 1 of the same year.
  • Allows any tax credits earned under the Main Street Tax Incentive program as a result of contributions made in calendar year 2020 to be carried over until December 31, 2023.
  • Extends the expiration of the Main Street Tax Incentive program until January 1, 2032.

From the Substitute House Bill Report (SHB 1279), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 112, Laws of 2021
  1. IntroducedJan 19, 2021
  2. Out of committeeFeb 8, 2021
  3. Passed HouseFeb 12, 2021
  4. Passed SenateApr 7, 2021
  5. GovernorApr 21, 2021
  6. LawApr 21, 2021
Prime sponsor
Alicia Rule (D-42)
Introduced
January 19, 2021 in the House
Last action
April 21, 2021
Session law
Chapter 112, Laws of 2021
Budget
Has a fiscal note
Versions
HB 1279, SHB 1279

AN ACT Relating to modifying the Washington main street program tax incentive to respond to the economic impacts of the COVID-19 pandemic;

Sponsors

Votes

House · 3rd Reading & Final Passage

Passed February 12, 2021
Version voted on: SHB 1279
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat56001
Republican40001
How each member voted

Yea (96)

Excused (2)

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed April 7, 2021
Version voted on: SHB 1279
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican20000
How each member voted

House · Final Passage as Amended by the Senate

Passed April 14, 2021
Version voted on: SHB 1279
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat57000
Republican40001
How each member voted

Yea (97)

Excused (1)

History

  1. Effective date 7/25/2021*. (SHB 1279)
  2. Chapter 112, 2021 Laws. (SHB 1279)
  3. Governor signed. (SHB 1279)
  4. Delivered to Governor. (SHB 1279)
  5. President signed. (SHB 1279)
  6. Speaker signed. (SHB 1279)
  7. House concurred in Senate amendments. (SHB 1279)
  8. Passed final passage; yeas, 97; nays, 0; absent, 0; excused, 1. (SHB 1279)
  9. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SHB 1279)
  10. Rules suspended. Placed on Third Reading. (SHB 1279)
  11. Committee amendment(s) adopted with no other amendments. (SHB 1279)
  12. Placed on second reading consent calendar. (SHB 1279)
  13. Passed to Rules Committee for second reading. (SHB 1279)
  14. WM - Majority; do pass with amendment(s) by Business, Financial Services & Trade. (SHB 1279)
  15. Referred to Ways & Means. (SHB 1279)
  16. And refer to Ways & Means. (SHB 1279)
  17. BFST - Majority; do pass with amendment(s). (SHB 1279)
  18. First reading, referred to Business, Financial Services & Trade. (SHB 1279)
  19. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (SHB 1279)
  20. Rules suspended. Placed on Third Reading. (SHB 1279)
  21. 1st substitute bill substituted. (SHB 1279)
  22. Rules Committee relieved of further consideration. Placed on second reading. (SHB 1279)
  23. Rules Committee relieved of further consideration. Placed on second reading.
  24. 1st substitute bill substituted.
  25. Referred to Rules 2 Review. (SHB 1279)
  26. Referred to Rules 2 Review.
  27. FIN - Majority; 1st substitute bill be substituted, do pass. (SHB 1279)
  28. FIN - Majority; 1st substitute bill be substituted, do pass.
  29. FIN - Executive action taken by committee.
  30. First reading, referred to Finance.

HB 1279 in other sessions

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

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