BILL · 2025–26 SESSION · LATEST VERSION EHB 2487

HB 2487: Insurer taxes

Concerning taxes imposed on insurers operating within the state.

Summary

Modifies the insurance premium exemption from the business and occupation tax to apply to qualifying insurance business activity, premiums and prepayments received by certain persons exempt from premium taxes; consideration received by insurers for annuities, and premiums received by assigned risk plans, subject to certain requirements.
Directs the Department of Revenue to waive penalties and interest and enter into repayment plans for certain delinquent taxes, subject to certain requirements.
Adds a new exemption to the workforce education investment surcharge for qualifying insurers and other entities and establishes a $25 million surcharge maximum for qualifying members of an affiliated group.
Establishes that portions of this act have retroactive effect.

From the Engrossed House Bill Report (EHB 2487), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 263, Laws of 2026

AN ACT Relating to taxes imposed on insurers operating within the state;

Passed March 6, 2026

Version voted on: EHB 2487

51 Yea 44 Nay 0 Absent 3 Excused

Party	Yea	Nay	Absent	Excused
Democrat	51	6	0	2
Republican	0	38	0	1

How each member voted

Passed March 11, 2026

Version voted on: EHB 2487

27 Yea 22 Nay 0 Absent 0 Excused

Party	Yea	Nay	Absent	Excused
Democrat	27	3	0	0
Republican	0	19	0	0

How each member voted

Apr 1, 2026Effective date 6/11/2026. (EHB 2487)
Apr 1, 2026Chapter 263, 2026 Laws. (EHB 2487)
Apr 1, 2026Governor signed. (EHB 2487)
Mar 12, 2026President signed. (EHB 2487)
Mar 12, 2026Delivered to Governor. (EHB 2487)
Mar 11, 2026Speaker signed. (EHB 2487)
Mar 11, 2026Passed to Rules Committee for second reading. (EHB 2487)
Mar 11, 2026Placed on second reading by Rules Committee. (EHB 2487)
Mar 11, 2026Third reading, passed; yeas, 27; nays, 22; absent, 0; excused, 0. (EHB 2487)
Mar 11, 2026Rules suspended. Placed on Third Reading. (EHB 2487)
Mar 10, 2026Minority; do not pass. (EHB 2487)
Mar 10, 2026WM - Majority; do pass. (EHB 2487)
Mar 9, 2026First reading, referred to Ways & Means. (EHB 2487)
Mar 6, 2026Third reading, passed; yeas, 51; nays, 44; absent, 0; excused, 3. (EHB 2487)
Mar 6, 2026Rules suspended. Placed on Third Reading. (EHB 2487)
Mar 6, 2026Floor amendment(s) adopted. (EHB 2487)
Feb 27, 2026Rules Committee relieved of further consideration. Placed on second reading. (EHB 2487)
Feb 9, 2026Referred to Rules 2 Review. (EHB 2487)
Feb 9, 2026FIN - Executive action taken by committee. (EHB 2487)
Feb 9, 2026Minority; without recommendation. (EHB 2487)
Feb 9, 2026Minority; do not pass. (EHB 2487)
Feb 9, 2026FIN - Majority; do pass. (EHB 2487)
Jan 14, 2026First reading, referred to Finance. (EHB 2487)

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

HB 2487 (2023–24) Displaced farmworkers · Did not pass · died in committee
HB 2487 (2019–20) Veterans' scoring criteria · Did not pass · died in committee
HB 2487 (2017–18) Sex offender disclosure · Did not pass · stalled on the House floor
HB 2487 (2015–16) LEOFF 2 retirees/annuities · Did not pass · died in committee
HB 2487 (2013–14) State patrol officer salary · Did not pass · died in committee
HB 2487 (2011–12) Local shoreline master prog. · Did not pass · died in committee
HB 2487 (2009–10) Deferred prosecution costs · Enacted · Chapter 54, Laws of 2010
HB 2487 (2007–08) Vulnerable adult protection · Did not pass · passed House, stalled in Senate