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Legislation watch
2019 House Bill 1324: Creating the Washington rural development and opportunity zone act
Introduced by Rep. Mike Chapman (Port Angeles) (D) on January 18, 2019
Referred to the House Rural Development, Agriculture & Natural Resources Committee on January 18, 2019
Substitute offered in the House on February 6, 2019
Creates a program to develop rural and opportunity zone areas.
Creates a tax preference for taxpayers who make a capital contribution to a
Rural Development and Opportunity Zone Fund.
Extends a reduced business and occupation tax rate on certain timber-related activities.
Referred to the House Finance Committee on February 8, 2019
Substitute offered in the House on February 21, 2019
Creates a tax preference for taxpayers who make a capital contribution to a
Rural Development and Opportunity Zone Fund.
Extends a reduced business and occupation tax rate on certain timber-related activities.
Referred to the House Appropriations Committee on February 22, 2019
Referred to the House Rules Committee on March 4, 2019
Amendment offered by Rep. Larry Springer (Kirkland) (D) on March 7, 2019
Limits qualified opportunity zones to those opportunity zones located in a distressed area as defined in RCW 43.169.020. Renames the rural development and opportunity zone fund to the rural development and distressed opportunity zone fund.
The amendment passed by voice vote in the House on March 7, 2019
Received in the Senate on March 11, 2019
Referred to the Senate Financial Institutions, Economic Development & Trade Committee on March 11, 2019
Referred to the Senate Ways & Means Committee on March 28, 2019
Amendment offered in the Senate on April 9, 2019
Directs the Washington State Institute for Public Policy to conduct a study on certain programs incentivizing private investment and job creation in rural and distressed communities.
(2) Removes language creating the Rural Development and Distressed Opportunity Zone Program.
(3) Extends the preferential B&O rate for timber products to mass timber products.
Referred to the Senate Rules Committee on April 9, 2019
Amendment offered by Sen. Kevin Van De Wege (Sequim) (D) on April 16, 2019
Directs the Washington State Institute for Public Policy to conduct a study on certain programs incentivizing private investment and job creation in rural and distressed communities.
(2) Removes language creating the Rural Development and Distressed Opportunity Zone Program.
(3) Extends the preferential B&O rate for timber products to mass timber products.
(4) Eliminates the requirement that the forest and fish B&O surtax is suspended if the federal government appropriates at least two million dollars for participation in forest and fish report related activities by federally recognized Indian tribes.
(5) Requires that any receipts of the surtax above $8 million in a biennium must be used specifically for tribal participation grants.
(6) Increases the biennial B&O surtax collection threshold that triggers the suspension of the surtax as follows:
(a) In 2019, the threshold is increased from $8 million to $8.5 million;
(b) In 2024, the threshold is increased from $8.5 million to $9.0 million; and
(c) In 2029, the threshold is increased from $9.0 million to $9.5 million.
(7) Extends the expiration date for the timber tax incentives from 2036 to 2045.
The amendment passed by voice vote in the Senate on April 16, 2019
Received in the House on April 19, 2019
Failed by voice vote in the House on April 19, 2019
Received in the Senate on April 22, 2019
Received in the House on April 24, 2019
Signed by Gov. Jay Inslee on May 9, 2019