States / Washington / HB 1320

HB 1320 In Committee

Modifying business and occupation tax rates to fund programs and services to benefit Washingtonians.

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 Z-0303.1

HOUSE BILL 1320

State of Washington

69th Legislature

2025 Regular Session

By Representatives Street, Ormsby, Macri, and Doglio; by request of Office of Financial Management

Read first time 01/15/25. Referred to Committee on Finance.

AN ACT Relating to modifying business and occupation tax rates to fund programs and services to benefit Washingtonians; amending RCW 82.04.230 , 82.04.240 , 82.04.2404 , 82.04.241 , 82.04.250 , 82.04.255 , 82.04.257 , 82.04.260 , 82.04.2602 , 82.04.263 , 82.04.270 , 82.04.272 , 82.04.280 , 82.04.285 , 82.04.287 , 82.04.290 , 82.04.2905 , 82.04.2906 , 82.04.2907 , 82.04.2908 , 82.04.294 , and 82.04.298 ; reenacting and amending RCW 82.04.260 ; creating a new section; providing effective dates; and providing an expiration date.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

Sec. 1. RCW 82.04.230 and 2006 c 300 s 5 are each amended to read as follows:

Upon every person engaging within this state in business as an extractor, except persons taxable as an extractor under any other provision in this chapter; as to such persons the amount of the tax with respect to such business shall be equal to the value of the products, including by-products, extracted for sale or for commercial or industrial use, multiplied by the rate of (( 0.484 )) 0.5324 percent.

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