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HB 2081 - Establishes New Surcharges and Adjusts Business and Occupation Tax Rates - Washington Key Vote

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Title: Establishes New Surcharges and Adjusts Business and Occupation Tax Rates

Signed by Governor Bob Ferguson


See How Your Politicians Voted

Title: Establishes New Surcharges and Adjusts Business and Occupation Tax Rates

Vote Smart's Synopsis:

Vote to pass a bill that establishes new surcharges and adjusts business and occupation tax rates in Washington.

Highlights:

  • Establishes new surcharges and adjusts business and occupation tax rates in Washington (Pt. I-IV, Sec. 101-402).

  • Amends and modifies business and occupation tax surcharges, rates, and the advanced computing surcharge cap (Pt. I-IV, Sec. 101-402).

  • Amends and clarifies the business and occupation tax deduction for certain investments (Pt. I-IV, Sec. 101-402).

  • Establishes a temporary business and occupation tax surcharge on large companies (Pt. I-IV, Sec. 101-402).

  • Specifies that the provision of this bill shall take effect beginning October 1, 2025 (Pt. V, Sec. 508).

Full Bill Text

See How Your Politicians Voted

Title: Establishes New Surcharges and Adjusts Business and Occupation Tax Rates

Vote Smart's Synopsis:

Vote to pass a bill that establishes new surcharges and adjusts business and occupation tax rates in Washington.

Highlights:

  • Establishes new surcharges and adjusts business and occupation tax rates in Washington (Pt. I-IV, Sec. 101-402).

  • Amends and modifies business and occupation tax surcharges, rates, and the advanced computing surcharge cap (Pt. I-IV, Sec. 101-402).

  • Amends and clarifies the business and occupation tax deduction for certain investments (Pt. I-IV, Sec. 101-402).

  • Establishes a temporary business and occupation tax surcharge on large companies (Pt. I-IV, Sec. 101-402).

  • Specifies that the provision of this bill shall take effect beginning October 1, 2025 (Pt. V, Sec. 508).

Full Bill Text

Title: Establishes New Surcharges and Adjusts Business and Occupation Tax Rates

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