WA People
BILL · 2025–26 SESSION · LATEST VERSION SHB 2047

HB 2047: Employee ownership program

Eliminating the Washington employee ownership program.

Summary

  • Expires the Washington Employee Ownership Program (Program) administered by the Department of Commerce, which supports efforts of businesses considering a sale to an employee ownership structure, effective June 30, 2030.
  • Makes the Program subject to the availability of amounts appropriated for that specific purpose.
  • Modifies the tax reporting periods in which a business may claim a business and occupation tax credit for costs related to converting a qualifying business to a worker-owned cooperative, employee ownership trust, or an employee stock ownership plan.

From the Substitute House Bill Report (SHB 2047), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 366, Laws of 2025
  1. IntroducedMar 24, 2025
  2. Out of committeeApr 8, 2025
  3. Passed HouseApr 17, 2025
  4. Passed SenateApr 26, 2025
  5. GovernorMay 19, 2025
  6. LawMay 19, 2025
Prime sponsor
Adison Richards (D-26)
Introduced
March 24, 2025 in the House
Last action
May 19, 2025
Session law
Chapter 366, Laws of 2025
Budget
Has a fiscal note
Versions
HB 2047, SHB 2047

AN ACT Relating to eliminating the Washington employee ownership program;

Sponsors

Prime sponsor: Adison Richards (D-26)

3 co-sponsors (3 Democrats, 0 Republicans)

Lisa Parshley D-22Nicole Macri D-43Mia Gregerson D-33

Votes

House · 3rd Reading & Final Passage

Passed April 17, 2025
Version voted on: SHB 2047
57 Yea 39 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat55301
Republican23601
How each member voted

Yea (57)

Excused (2)

Permalink to this vote

House · Final Passage as Amended by the Senate

Passed April 26, 2025
Version voted on: SHB 2047
58 Yea 40 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat56300
Republican23700
How each member voted

Yea (58)

Permalink to this vote

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed April 26, 2025
Version voted on: SHB 2047
25 Yea 23 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat25400
Republican01900
How each member voted
Permalink to this vote

History

  1. Effective date 7/27/2025. (SHB 2047)
  2. Chapter 366, 2025 Laws. (SHB 2047)
  3. Governor signed. (SHB 2047)
  4. Speaker signed. (SHB 2047)
  5. President signed. (SHB 2047)
  6. Delivered to Governor. (SHB 2047)
  7. Rules suspended. Placed on Third Reading. (SHB 2047)
  8. Committee amendment(s) adopted with no other amendments. (SHB 2047)
  9. Passed final passage; yeas, 58; nays, 40; absent, 0; excused, 0. (SHB 2047)
  10. House concurred in Senate amendments. (SHB 2047)
  11. Third reading, passed; yeas, 25; nays, 23; absent, 0; excused, 0. (SHB 2047)
  12. Placed on second reading by Rules Committee. (SHB 2047)
  13. Passed to Rules Committee for second reading. (SHB 2047)
  14. Minority; without recommendation. (SHB 2047)
  15. Minority; do not pass. (SHB 2047)
  16. WM - Majority; do pass with amendment(s). (SHB 2047)
  17. First reading, referred to Ways & Means. (SHB 2047)
  18. Third reading, passed; yeas, 57; nays, 39; absent, 0; excused, 2. (SHB 2047)
  19. Rules suspended. Placed on Third Reading. (SHB 2047)
  20. 1st substitute bill substituted. (SHB 2047)
  21. 1st substitute bill substituted.
  22. Rules Committee relieved of further consideration. Placed on second reading. (SHB 2047)
  23. Rules Committee relieved of further consideration. Placed on second reading.
  24. Referred to Rules 2 Review. (SHB 2047)
  25. Referred to Rules 2 Review.
  26. Minority; do not pass. (SHB 2047)
  27. APP - Majority; 1st substitute bill be substituted, do pass. (SHB 2047)
  28. Minority; without recommendation. (SHB 2047)
  29. Minority; without recommendation.
  30. APP - Majority; 1st substitute bill be substituted, do pass.
  31. Minority; do not pass.
  32. APP - Executive action taken by committee.
  33. First reading, referred to Appropriations.

HB 2047 in other sessions

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

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