Status Summary

Referred to Ways & Means, but never had a hearing. This bill did not make it out of its committee by the cutoff deadline.

Legislative Session

2017

Status

Failed

Sponsor

Hasegawa

SB 5765 intends to revise the tax code in order to fund basic education; based on the department of revenue's 2016 tax exemption study which found that there are six hundred ninety-four tax exemptions in the state's tax code attributing to over fifty billion dollars in taxpayers' savings from state taxes. The bill would specifically repeal: (1) RCW 82.04.315 (Exemptions—International banking facilities); and (2) RCW 82.04.540 (Professional employer organizations—Taxable 6 under RCW 82.04.290(2)—Deduction). The bill would take effect August 1, 2017.