BILL · 2021–22 SESSION

SB 5557: New businesses/B&O tax

Providing sustainable support for new businesses.

Summary

Exempts new businesses from having to pay business and occupation (B&O) taxes within their first two years.
Imposes an additional mitigation tax on B&O taxpayers to offset lost revenue from exempting new businesses from paying B&O taxes.

From the Senate Bill Report (SB 5557), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to providing sustainable support for new businesses;

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 5557 (2025–26) Pregnancy/emerg. treatment · Enacted · Chapter 182, Laws of 2025
SB 5557 (2023–24) Part-time faculty pay · Did not pass · died in committee
SB 5557 (2019–20) Seismic hazard risk, reduce · Did not pass · died in committee
SB 5557 (2017–18) Clay targets sales tax exemp · Did not pass · stalled on the Senate floor
SB 5557 (2015–16) Pharmacist services · Enacted · Chapter 237, Laws of 2015
SB 5557 (2013–14) Declaration of Human Rights · Did not pass · died in committee
SB 5557 (2011–12) State office of civil rights · Did not pass · died in committee
SB 5557 (2009–10) Tax preferences commission · Did not pass · passed Senate, stalled in House