S-3167.1
SENATE BILL 5815
State of Washington
69th Legislature
2025 Regular Session
By Senators Saldaña, Robinson, Frame, Nobles, Pedersen, and Valdez
Read first time 04/16/25. Referred to Committee on Ways & Means.
AN ACT Relating to funding public schools, including higher education, health care, social services, and other programs and services to benefit Washingtonians by modifying business and occupation tax surcharges, rates, and the advanced computing surcharge cap, clarifying the business and occupation tax deduction for certain investments, and creating a temporary business and occupation tax surcharge on large companies with annual revenues with more than $250,000,000; amending RCW 82.04.230 , 82.04.240 , 82.04.250 , 82.04.257 , 82.04.263 , 82.04.270 , 82.04.280 , 82.04.285 , 82.04.290 , 82.04.2905 , 82.04.2906 , 82.04.260 , 82.04.29004 , and 82.04.4281 ; reenacting and amending RCW 82.04.260 and 82.04.299 ; adding a new section to chapter 82.04 RCW; creating new sections; providing effective dates; and providing expiration dates.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. The legislature finds that, through the state's general fund, the state funds public schools, health care, and social services that help Washingtonians to succeed and thrive. These revenues help the state meet its paramount duty to amply provide every child in the state with an education, including children who qualify for special education services, creating the opportunity for each child to succeed in school and achieve success in life. Revenues generated by this act will support health care and other programs that protect the safety and well-being of the public including behavioral health services for those living with mental illness or substance use disorder, as well as supervision of individuals who have committed crimes. These revenues will also fund social services that provide critical, basic needs assistance for our state's most vulnerable residents including support for those with developmental disabilities and long-term care for the elderly. Furthermore, the legislature finds that the state's higher education system ensures Washington businesses are successful in recruiting the talent needed to grow their business and keep Washington's economy strong. Therefore, the intent of this act is to maintain and preserve essential services for Washingtonians, particularly within public schools and higher education, health care, and social services, by depositing revenues from this act into the general fund, with a portion of the revenues deposited into the workforce education investment account. Thus, to help meet the state's paramount duty of amply providing every child in the state with an education, supporting the health and well-being of Washingtonians, and continuing to invest in Washington's higher education system, the legislature intends to modify the business and occupation tax rates, surcharges, and caps and creating a temporary surcharge on large corporations with annual revenues more than $250,000,000.
PART I