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Legislation watch
2019 House Bill 1348: Helping Washington businesses succeed by modifying certain business and occupation tax provisions
Introduced by Rep. Mike Chapman (Port Angeles) (D) on January 21, 2019
Referred to the House Rural Development, Agriculture & Natural Resources Committee on January 21, 2019
Substitute offered in the House on February 1, 2019
Reduces the business and occupation (B&O) tax rate for manufacturers, printers of materials other than newspapers, and publishers of periodicals.
?Modifies and extends the timber and wood products preferential B&O tax rate to June 30, 2056.
?Extends the surcharge levied on timber-related activities to June 30, 2056.
?Eliminates the circumstances in which the timber-related activities surcharge may be suspended or adjusted.
Referred to the House Finance Committee on February 6, 2019