WA People
BILL · 2025–26 SESSION · LATEST VERSION SHB 1703

HB 1703: Equine industry

Establishing an equine industry tax credit, allowing the horse racing commission to impose a fee, and using equine industry sales tax revenues for federal regulatory compliance.

Summary

  • Creates a business and occupation tax credit for amounts paid to the federal Horseracing Integrity Safety Authority or the Washington Horse Racing Commission (Commission).
  • Authorizes the Commission to impose a new fee.
  • Creates an annual $1.5 million transfer from the State General Fund to the newly created Washington Equine Industry Federal Regulatory Account from amounts derived from sales taxes collected by class 1 racing associations.

From the House Bill Report (HB 1703), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 29, 2025
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Chris Stearns (D-47)
Introduced
January 29, 2025 in the House
Last action
January 12, 2026
Companion bill
SB 5610
Budget
Has a fiscal note
Versions
HB 1703, SHB 1703

AN ACT Relating to establishing an equine industry tax credit, allowing the horse racing commission to impose a fee, and using equine industry sales tax revenues for federal regulatory compliance;

Sponsors

Prime sponsor: Chris Stearns (D-47)

2 co-sponsors (1 Democrat, 1 Republican)

Joe Schmick R-9Roger Goodman D-45

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SHB 1703)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Appropriations. (SHB 1703)
  4. Referred to Appropriations.
  5. FIN - Majority; 1st substitute bill be substituted, do pass. (SHB 1703)
  6. FIN - Executive action taken by committee.
  7. FIN - Majority; 1st substitute bill be substituted, do pass.
  8. First reading, referred to Finance.

HB 1703 in other sessions

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

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