WA People
BILL · 2023–24 SESSION · LATEST VERSION SSB 5096

SB 5096: Employee ownership

Concerning employee ownership.

Summary

  • Creates the Washington Employee Ownership Program (Program) at the Department of Commerce to support efforts of businesses considering a sale to an employee structure.
  • Establishes the Washington Employee Ownership Commission to oversee the Program.
  • Provides a business and occupation tax credit for costs related to converting a qualifying business to an employee ownership structure.

From the Substitute House Bill Report (SSB 5096), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 392, Laws of 2023
  1. IntroducedJan 9, 2023
  2. Out of committeeFeb 17, 2023
  3. Passed SenateMar 2, 2023
  4. Passed HouseApr 17, 2023
  5. GovernorMay 9, 2023
  6. LawMay 9, 2023
Prime sponsor
Mike Padden (R-4)
Introduced
January 9, 2023 in the Senate
Last action
May 9, 2023
Session law
Chapter 392, Laws of 2023
Budget
Has a fiscal note
Versions
SB 5096, SSB 5096

AN ACT Relating to expanding employee ownership;

Sponsors

Prime sponsor: Mike Padden (R-4)

3 co-sponsors (2 Democrats, 1 Republican)

Jamie Pedersen D-43Bob Hasegawa D-11Mark Schoesler R-9

Votes

Senate · 3rd Reading & Final Passage

Passed March 2, 2023
Version voted on: SSB 5096
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican20000
How each member voted

Yea (49)

Permalink to this vote

House · Final Passage as Amended by the House

Passed April 17, 2023
Version voted on: SSB 5096
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat56002
Republican40000
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed April 19, 2023
Version voted on: SSB 5096
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat28001
Republican20000
How each member voted

Yea (48)

Excused (1)

Permalink to this vote

History

  1. Effective date 7/23/2023*. (SSB 5096)
  2. Chapter 392, 2023 Laws. (SSB 5096)
  3. Governor signed. (SSB 5096)
  4. Delivered to Governor. (SSB 5096)
  5. Speaker signed. (SSB 5096)
  6. President signed. (SSB 5096)
  7. Passed final passage; yeas, 48; nays, 0; absent, 0; excused, 1. (SSB 5096)
  8. Senate concurred in House amendments. (SSB 5096)
  9. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2. (SSB 5096)
  10. Rules suspended. Placed on Third Reading. (SSB 5096)
  11. Committee amendment(s) adopted with no other amendments. (SSB 5096)
  12. Rules Committee relieved of further consideration. Placed on second reading. (SSB 5096)
  13. Referred to Rules 2 Review. (SSB 5096)
  14. APP - Executive action taken by committee. (SSB 5096)
  15. APP - Majority; do pass with amendment(s) by Innovation, Community & Economic Development, & Veterans. (SSB 5096)
  16. Referred to Appropriations. (SSB 5096)
  17. ICEV - Executive action taken by committee. (SSB 5096)
  18. ICEV - Majority; do pass with amendment(s). (SSB 5096)
  19. First reading, referred to Innovation, Community & Economic Development, & Veterans. (SSB 5096)
  20. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SSB 5096)
  21. Rules suspended. Placed on Third Reading. (SSB 5096)
  22. 1st substitute bill substituted. (SSB 5096)
  23. 1st substitute bill substituted.
  24. Placed on second reading by Rules Committee. (SSB 5096)
  25. Placed on second reading by Rules Committee.
  26. Passed to Rules Committee for second reading. (SSB 5096)
  27. Passed to Rules Committee for second reading.
  28. WM - Majority; do pass 1st substitute bill proposed by Business, Financial Services, Gaming & Trade. (SSB 5096)
  29. WM - Majority; do pass 1st substitute bill proposed by Business, Financial Services, Gaming & Trade.
  30. Referred to Ways & Means. (SSB 5096)
  31. Referred to Ways & Means.
  32. BFGT - Majority; 1st substitute bill be substituted, do pass. (SSB 5096)
  33. And refer to Ways & Means. (SSB 5096)
  34. And refer to Ways & Means.
  35. BFGT - Majority; 1st substitute bill be substituted, do pass.
  36. First reading, referred to Business, Financial Services, Gaming & Trade.
  37. Prefiled for introduction.

SB 5096 in other sessions

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

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