WA People
BILL · 2021–22 SESSION · LATEST VERSION ESSB 5980

SB 5980: B&O tax credits

Providing substantial and permanent tax relief for small businesses to mitigate structural deficiencies in Washington's business and occupation tax and lessen long-term negative economic consequences of the pandemic that have disproportionately impacted small businesses.

Summary

  • Increases the business and occupation tax small business credits.
  • Increases the tax filing threshold.

From the Engrossed Substitute Senate Bill Report (ESSB 5980), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 295, Laws of 2022
  1. IntroducedFeb 22, 2022
  2. Out of committeeFeb 28, 2022
  3. Passed SenateMar 4, 2022
  4. Passed HouseMar 9, 2022
  5. GovernorMar 31, 2022
  6. LawMar 31, 2022
Prime sponsor
Senator (D-36)
Introduced
February 22, 2022 in the Senate
Last action
March 31, 2022
Session law
Chapter 295, Laws of 2022
Budget
Has a fiscal note
Versions
SB 5980, ESSB 5980

AN ACT Relating to providing substantial and permanent tax relief for small businesses to mitigate structural deficiencies in Washington's business and occupation tax and lessen long-term negative economic consequences of the pandemic that have disproportionately impacted small businesses;

Sponsors

Prime sponsor: Senator (D-36)

4 co-sponsors (4 Democrats, 0 Republicans)

Emily Randall D-26Senator D-22Patty Kuderer D-48Mark Mullet D-5

Votes

Senate · 3rd Reading & Final Passage

Passed March 4, 2022
Version voted on: ESSB 5980
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat26003
Republican20000
How each member voted

Excused (3)

Permalink to this vote

House · Final Passage as Amended by the House

Passed March 9, 2022
Version voted on: ESSB 5980
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat57000
Republican40001
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed March 10, 2022
Version voted on: ESSB 5980
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat28001
Republican20000
How each member voted

Excused (1)

Permalink to this vote

History

  1. Effective date 6/9/2022. (ESSB 5980)
  2. Chapter 295, 2022 Laws. (ESSB 5980)
  3. Governor signed. (ESSB 5980)
  4. Delivered to Governor. (ESSB 5980)
  5. Speaker signed. (ESSB 5980)
  6. Passed final passage; yeas, 48; nays, 0; absent, 0; excused, 1. (ESSB 5980)
  7. Senate concurred in House amendments. (ESSB 5980)
  8. President signed. (ESSB 5980)
  9. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1. (ESSB 5980)
  10. Rules suspended. Placed on Third Reading. (ESSB 5980)
  11. Committee amendment(s) adopted with no other amendments. (ESSB 5980)
  12. Rules Committee relieved of further consideration. Placed on second reading. (ESSB 5980)
  13. FIN - Majority; do pass with amendment(s). (ESSB 5980)
  14. FIN - Executive action taken by committee. (ESSB 5980)
  15. Referred to Rules 2 Review. (ESSB 5980)
  16. First reading, referred to Finance. (ESSB 5980)
  17. Third reading, passed; yeas, 46; nays, 0; absent, 0; excused, 3. (ESSB 5980)
  18. Rules suspended. Placed on Third Reading. (ESSB 5980)
  19. Floor amendment(s) adopted. (ESSB 5980)
  20. 1st substitute bill substituted. (ESSB 5980)
  21. 1st substitute bill substituted.
  22. Placed on second reading by Rules Committee. (ESSB 5980)
  23. Placed on second reading by Rules Committee.
  24. WM - Majority; 1st substitute bill be substituted, do pass. (ESSB 5980)
  25. Passed to Rules Committee for second reading. (ESSB 5980)
  26. Passed to Rules Committee for second reading.
  27. WM - Majority; 1st substitute bill be substituted, do pass.
  28. First reading, referred to Ways & Means.

SB 5980 in other sessions

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

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