summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT Relating to modifying existing tax preferences; amending 2 RCW 82.08.02565, 82.12.02565, 82.12.022, 82.12.022, 82.14.230, and 3 82.16.310; amending 2017 3rd sp.s. c 37 s 1407 (uncodified); creating 4 a new section; and providing a contingent expiration date. 5
AI Summary
This bill modifies existing tax preferences in Washington state, aiming to increase revenue for essential services by removing certain tax exemptions. Specifically, it adjusts the expiration date for exemptions related to machinery and equipment used in manufacturing, research, and testing operations, as well as for gas used as transportation fuel, pushing the expiration of these exemptions to July 1, 2027. The bill also clarifies definitions and conditions for these tax preferences and includes provisions for contingent expiration dates and reporting requirements.
Committee Categories
Budget and Finance
Sponsors (6)
Alex Ramel (D)*,
Beth Doglio (D),
Shelley Kloba (D),
Debra Lekanoff (D),
Nicole Macri (D),
Gerry Pollet (D),
Last Action
First reading, referred to Finance. (on 02/04/2026)
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=2723&Year=2025&Initiative=false |
| Fiscal Note - 2723 HB (Final) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=76909 |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/House%20Bills/2723.pdf |
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