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2019 House Bill 2167: Relating to tax revenue
Introduced in the House on April 10, 2019
  Official Text and Analysis.
Referred to the House Finance Committee on April 10, 2019
Amendment offered by Rep. Andrew Barkis (Olympia) (R) on April 26, 2019
Provides a B&O credit for financial institutions on the interest received on loans issued for affordable housing projects.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Kelly Chambers (Pierce County) (R) on April 26, 2019
Provides a B&O credit for financial institutions on the interest received on loans issued to small businesses with twenty million dollars of annual revenue or less.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Larry A. Hoff (Vancouver) (R) on April 26, 2019
Modifies the definition of financial institution to exclude a consolidated institutions group affiliated with a card network where the network and the card issuer are affiliated or subsidiaries of the same parent company.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Vicki Kraft (Vancouver) (R) on April 26, 2019
Provides a B&O credit for financial institutions on the interest received on loans issued to first-time homebuyers.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Robert J. Sutherland (Granite Falls) (R) on April 26, 2019
Provides a B&O credit for financial institutions on the interest received on loans issued under the federal Community Reinvestment Act.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Luanne Van Werven (Lynden) (R) on April 26, 2019
Provides a B&O credit for financial institutions on the interest received on student loans.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Mike Volz (Spokane) (R) on April 26, 2019
Provides a B&O tax and surtax credit for financial institutions on the interest received on public deposits.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Jim Walsh (Aberdeen) (R) on April 26, 2019
Provides a B&O credit for financial institutions on the interest received on certain loans.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Jim Walsh (Aberdeen) (R) on April 26, 2019
Provides a B&O credit for financial institutions on the interest received on loans issued by new branches of banks in underserved neighborhoods.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Jesse Young (Gig Harbor) (R) on April 26, 2019
Provides a B&O credit for financial institutions on the interest received on agricultural loans.
The amendment failed by voice vote in the House on April 26, 2019
Amendment offered by Rep. Jesse Young (Gig Harbor) (R) on April 26, 2019
Provides a B&O credit for financial institutions on the interest received on loans issued to small businesses with fifty or fewer employees.
The amendment failed by voice vote in the House on April 26, 2019
Received in the Senate on April 26, 2019
Referred to the Senate Ways & Means Committee on April 26, 2019
Referred to the Senate Rules Committee on April 28, 2019
Amendment offered by Sen. John Braun (Centralia) (R) on April 28, 2019
Provides a B&O credit for financial institutions on the interest received by loans issued to women, minority, and veteran- owned businesses.
The amendment failed by voice vote in the Senate on April 28, 2019
Amendment offered by Sen. Mark Schoesler (Ritzville) (R) on April 28, 2019
Provides a B&O credit for financial institutions on the interest received on loans issued for affordable housing projects..
The amendment failed by voice vote in the Senate on April 28, 2019
Amendment offered by Sen. Mark Schoesler (Ritzville) (R) on April 28, 2019
Reduces the tax rate by 50 percent.
The amendment failed by voice vote in the Senate on April 28, 2019
Amendment offered by Sen. Shelly Short (Addy) (R) on April 28, 2019
Provides a B&O credit for financial institutions on the interest received on loans issued to first-time homebuyers.
The amendment failed by voice vote in the Senate on April 28, 2019
Amendment offered by Sen. Shelly Short (Addy) (R) on April 28, 2019
Provides a B&O credit for financial institutions on the interest received on agricultural loans.
The amendment failed by voice vote in the Senate on April 28, 2019
Amendment offered by Sen. Shelly Short (Addy) (R) on April 28, 2019
Provides a B&O credit for financial institutions on the interest received on loans issued to small businesses with fifty or fewer employees.
The amendment failed by voice vote in the Senate on April 28, 2019
Signed by Gov. Jay Inslee on May 21, 2019
Beginning on January 1, 2020, an additional B&O tax is imposed on specified financial institutions (additional tax). The additional tax is equal to the taxpayer's gross taxable service and other income multiplied by 1.2 percent. A specified financial institution is a financial institution that is a member of a consolidated financial institution group that reported on its consolidated financial statement for the previous calendar year annual net income of at least $1 billion, not including net income attributable to noncontrolling interests, as the terms "net income" and "noncontrolling interest" are used in the consolidated financial statement. If financial institutions are no longer required to file consolidated financial statements, "specified financial institution" means any person that was subject to the additional tax in at least two of the previous four calendar years. The Department of Revenue (DOR) must notify the fiscal committees of the Legislature if financial institutions are no longer required to file consolidated financial statements.

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