BILL · 2021–22 SESSION

SB 5138: Financial instit./B&O tax

Eliminating a business and occupation tax deduction for financial institutions to fund affordable housing.

Summary

Repeals the business and occupation tax deduction for interest on investments or loans secured by first mortgages or deeds of trust on non-transient residential properties for community banks.

From the Senate Bill Report (SB 5138), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to eliminating a business and occupation tax deduction for financial institutions to fund affordable housing;

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

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

SB 5138 (2025–26) Public facilities districts · Enacted · Chapter 376, Laws of 2025
SB 5138 (2023–24) Vehicles as homestead · Did not pass · died in committee
SB 5138 (2019–20) Aircraft registration · Did not pass · stalled on the Senate floor
SB 5138 (2017–18) Metropolitan park districts · Enacted · Chapter 215, Laws of 2017
SB 5138 (2015–16) Notice and review processes · Did not pass · passed Senate, stalled in House
SB 5138 (2013–14) State debt management · Did not pass · passed Senate, stalled in House
SB 5138 (2011–12) Driver's license applicants · Did not pass · died in committee
SB 5138 (2009–10) Climate change response · Did not pass · passed Senate, stalled in House