Bill
Bill > SB6694
summary
Introduced
03/02/2020
03/02/2020
In Committee
03/02/2020
03/02/2020
Crossed Over
Passed
Dead
03/12/2020
03/12/2020
Introduced Session
2019-2020 Regular Session
Bill Summary
AN ACT Relating to business and occupation tax fairness for Washington manufacturers; amending RCW 82.04.240, 82.04.240, 3 82.04.280, 82.32.850, and 82.32.790; reenacting and amending RCW 82.04.260; creating a new section; providing an effective date; and providing a contingent effective date.
AI Summary
This bill provides business and occupation tax fairness for Washington manufacturers. Key provisions include:
- Reducing the B&O tax rate for manufacturers and processors for hire from 0.484% to 0.2904% on the value of products manufactured or gross proceeds from sales of manufactured products.
- Applying the 0.2904% B&O tax rate to manufacturers who sell their own manufactured products at retail or wholesale.
- Maintaining the existing 0.138% B&O tax rate for certain manufacturers like those of wheat flour, seafood, dairy, and fruit/vegetable products.
- Amending contingency provisions related to the B&O tax rate for commercial airplane manufacturing in the state.
- Providing an effective date of July 1, 2020, except for the section related to commercial airplane manufacturing.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
First reading, referred to Ways & Means. (on 03/02/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=6694&Year=2019&Initiative=false |
| BillText | http://lawfilesext.leg.wa.gov/biennium/2019-20/Pdf/Bills/Senate Bills/6694.pdf |
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