SB 5815: Business and occupation tax
Modifying business and occupation tax surcharges, rates, and the advanced computing surcharge cap, clarifying the business and occupation tax deduction for certain investments, and creating a temporary business and occupation tax surcharge on large companies.
Summary
- Increases business and occupation (B&O) tax rates for certain existing activities.
- Creates an additional 0.5 percent B&O surcharge on taxpayers with Washington taxable income over $250 million.
- Increases the tax rate for several existing B&O surcharges.
- Increases the annual cap for the Advanced Computing Surcharge.
- Modifies the B&O investment income deduction.
From the Senate Bill Report (Orig.) (SB 5815), written by the Legislature's nonpartisan staff. Read the full report ↗
- IntroducedApr 16, 2025
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Rebecca Saldaña (D-37)
- Introduced
- April 16, 2025 in the Senate
- Last action
- January 12, 2026
- Companion bill
- HB 2081
- Budget
- Has a fiscal note
AN ACT Relating to funding public schools, including higher education, health care, social services, and other programs and services to benefit Washingtonians by modifying business and occupation tax surcharges, rates, and the advanced computing surcharge cap, clarifying the business and occupation tax deduction for certain investments, and creating a temporary business and occupation tax surcharge on large companies with annual revenues with more than $250,000,000;
Sponsors
Prime sponsor: Rebecca Saldaña (D-37)
5 co-sponsors (5 Democrats, 0 Republicans)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to Ways & Means.
SB 5815 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5815 (2023–24) Physician assistant compact
- SB 5815 (2021–22) Identicards
- SB 5815 (2019–20) DCYF/minimum security status
- SB 5815 (2017–18) Hospital safety net assess.
- SB 5815 (2015–16) Naturopaths, prescribing by
- SB 5815 (2013–14) Vapor products
- SB 5815 (2011–12) Local boards of health
- SB 5815 (2009–10) Motor carrier compliance rev