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2022 Senate Bill 5980: Providing substantial and permanent tax relief for small businesses to mitigate structural deficiencies in Washington's business and occupation tax and lessen long-term negative economic consequences of the pandemic
Introduced by Sen. Reuven Carlyle (Seattle) (D) on February 22, 2022
Referred to the Senate Ways & Means Committee on February 22, 2022
Referred to the Senate Rules Committee on February 28, 2022
Amendment offered by Sen. Lynda Wilson (Clark County) (R) on March 4, 2022
Increases small business credit amounts and tax filing threshold by inflation every five years beginning in 2027.
The amendment failed by voice vote in the Senate on March 4, 2022
Amendment offered by Sen. Bob Hasegawa (Seattle) (D) on March 4, 2022
Makes the act subject to tax preference performance review and automatic expiration. Amends the title.
The amendment passed by voice vote in the Senate on March 4, 2022
Received in the House on March 4, 2022
Referred to the House Finance Committee on March 4, 2022
Amendment offered in the House on March 9, 2022
Exempts the business and occupation small business tax credit from the requirements of a tax preference performance statement, a Joint Legislative Audit and Review study, and an automatic expiration.
The amendment passed by voice vote in the House on March 9, 2022
Received in the Senate on March 10, 2022
Senate concurred in Senate amendments. Passed final passage .
Signed by Gov. Jay Inslee on March 31, 2022