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Bill > HB1815
WA HB1815
WA HB1815Creating a business and occupation tax deduction and increasing the tax rate for persons conducting payment card processing activities.
summary
Introduced
02/10/2023
02/10/2023
In Committee
02/10/2023
02/10/2023
Crossed Over
Passed
Dead
04/12/2024
04/12/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT Relating to creating a business and occupation tax 2 deduction and increasing the tax rate for persons conducting payment 3 card processing activities; amending RCW 82.04.290 and 82.04.29004; 4 reenacting and amending RCW 82.04.299; adding a new section to 5 chapter 82.04 RCW; creating new sections; and providing an effective 6 date. 7
AI Summary
This bill creates a business and occupation tax deduction for payment card processing companies on amounts received as interchange fees and network fees. It also increases the tax rate for payment card processing activities from the standard 1.75% or 1.5% rate to 3%. The bill defines key terms like "payment card processing company," "interchange fee," and "network fee." The bill applies retroactively to open tax periods but does not allow refunds of overpaid tax, interest, or penalties. The bill takes effect on October 1, 2023.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
By resolution, reintroduced and retained in present status. (on 01/08/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Banking System and Financial Institution Regulation and Reform
- ‐ Consumer Finance and Credit, including Credit Cards
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=1815&Year=2023&Initiative=false | 02/10/2023 |
| Fiscal Note - 1815 HB (Revised) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=67432 | 01/08/2024 |
| Fiscal Note - 1815 HB (Final) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=67042 | 01/08/2024 |
| House Bill Analysis 2023 | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/House/1815%20HBA%20FIN%2023.pdf | 02/17/2023 |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/House%20Bills/1815.pdf | 02/10/2023 |
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