Bill
Bill > SB6034
WA SB6034
WA SB6034Clarifying the excise tax treatment of document recording and filing fees received by title and escrow businesses from clients for remittance to county recording and filing offices.
summary
Introduced
01/08/2024
01/08/2024
In Committee
01/08/2024
01/08/2024
Crossed Over
Passed
Dead
04/12/2024
04/12/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT Relating to clarifying the excise tax treatment of 2 document recording and filing fees received by title and escrow 3 businesses from clients for remittance to county recording and filing 4 offices; reenacting and amending RCW 82.04.050; adding a new section 5 to chapter 82.04 RCW; and creating new sections. 6
AI Summary
This bill clarifies the excise tax treatment of document recording and filing fees received by title and escrow businesses from clients for remittance to county recording and filing offices. It specifies that these fees are not subject to the state's business and occupation tax. The bill applies retroactively as well as prospectively to any disputed assessments pending before the Department of Revenue, Board of Tax Appeals, or the courts. The bill also exempts it from certain statutory requirements related to new tax preferences.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Public hearing in the Senate Committee on Business, Financial Services, Gaming & Trade at 10:30 AM. (on 01/18/2024)
Taxonomy
Government Operations
- ‐ Tax Administration and Collection of Revenue
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=6034&Year=2023&Initiative=false | 01/06/2024 |
| Fiscal Note - 6034 SB (Final) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=69413 | 01/23/2024 |
| Senate Bill Report | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/Senate/6034%20SBR%20BFGT%20TA%2024.pdf | 01/18/2024 |
| Fiscal Note - 6034 SB (Partial) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=69234 | 01/18/2024 |
| Senate Bill Report (Orig.) | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bill%20Reports/Senate/6034%20SBA%20BFGT%2024.pdf | 01/17/2024 |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/Senate%20Bills/6034.pdf | 01/06/2024 |
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