summary
Introduced
02/18/2025
02/18/2025
In Committee
02/18/2025
02/18/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT Relating to tax preferences; amending RCW 82.04.110, 2 82.04.120, 82.04.260, 82.04.4282, 82.04.43395, 82.12.022, 82.12.022, 3 82.21.040, 82.23A.030, 82.29A.130, 82.29A.130, 82.45.010, 82.45.010, 4 82.45.030, 82.64.030, 84.36.010, and 84.36.030; reenacting and 5 amending RCW 82.04.050 and 82.04.260; repealing RCW 82.16.046, 6 82.29A.132, 82.45.190, 82.08.02566, 82.12.02566, 82.08.02568, 7 82.12.02568, 82.04.4482, 82.16.0498, 82.12.0265, 36.100.090, 8 82.12.024, 82.04.545, 82.16.315, 82.16.0495, 36.102.070, 82.08.02569, 9 82.12.02569, 82.04.421, 82.04.4331, 82.04.4295, 82.04.447, 84.36.047, 10 82.04.367, 82.23B.030, 82.08.965, 82.12.965, 82.08.970, 82.12.970, 11 82.04.448, 82.04.426, 82.04.4332, 82.29A.137, and 82.04.434; 12 providing effective dates; providing a contingent effective date; 13 providing expiration dates; and providing a contingent expiration 14 date. 15
AI Summary
This bill is a comprehensive legislative measure that addresses various tax preferences, exemptions, and technical amendments to Washington state tax laws. The bill repeals numerous existing tax exemptions and makes changes to several sections of the Revised Code of Washington (RCW) related to taxation. Key provisions include removing tax exemptions for specific industries like aluminum and silicon smelters, adjusting definitions of manufacturing and sales, modifying leasehold interest exemptions, and making technical corrections to real estate excise tax rules. The bill also includes several sections with specific effective dates and expiration dates for different provisions, with most changes set to take effect on January 1, 2026. The overall aim appears to be streamlining and updating tax laws, potentially closing certain tax loopholes, and ensuring more consistent application of tax regulations across different sectors and types of transactions. The bill affects a wide range of tax-related statutes, including those dealing with business and occupation taxes, use taxes, property taxes, and real estate transactions.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Executive session scheduled, but no action was taken in the House Committee on Finance at 8:00 AM. (on 02/26/2025)
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=1995&Year=2025&Initiative=false |
| House Bill Analysis 2025 | https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/House/1995%20HBA%20FIN%2025.pdf |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/House%20Bills/1995.pdf |
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