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Bill Information > SB 5096
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SB 5096 - 2021-22
Concerning an excise tax on gains from the sale or exchange of certain capital assets.
Revised for 1st Substitute: Enacting an excise tax on gains from the sale or exchange of certain capital assets. (REVISED FOR ENGROSSED: Investing in Washington families and creating a more progressive tax system in Washington by enacting an excise tax on the sale or exchange of certain capital assets. )
By Request: Office of Financial Management
Bill History

2021 REGULAR SESSION

Jan 6
Prefiled for introduction.
Jan 11
First reading, referred to Ways & Means. (View Original Bill)
Jan 14
Public hearing in the Senate Committee on Ways & Means at 4:00 PM. (Committee Materials)
Feb 16
Executive action taken in the Senate Committee on Ways & Means at 1:30 PM. (Committee Materials)
WM - Majority; 1st substitute bill be substituted, do pass. (View 1st Substitute) (Majority Report)
Minority; do not pass. (Minority Report)
Minority; without recommendation. (Minority Report)
Feb 18
Passed to Rules Committee for second reading.
Mar 3
Placed on second reading by Rules Committee.
Mar 6
1st substitute bill substituted (WM 21). (View 1st Substitute)
Floor amendment(s) adopted.
Rules suspended. Placed on Third Reading.
Third reading, passed; yeas, 25; nays, 24; absent, 0; excused, 0. (View 1st Engrossed) (View Roll Calls)

IN THE HOUSE

Mar 9
First reading, referred to Finance.
Mar 15
Public hearing in the House Committee on Finance at 10:00 AM. (Committee Materials)
Apr 16
Executive action taken in the House Committee on Finance at 9:00 AM. (Committee Materials)
FIN - Majority; do pass with amendment(s). (Majority Report)
Minority; do not pass. (Minority Report)
Apr 19
Placed on second reading.
Apr 20
Amendment ruled beyond the scope and object of the bill.
Committee amendment(s) adopted as amended.
Rules suspended. Placed on Third Reading.
Apr 21
Third reading, passed; yeas, 53; nays, 45; absent, 0; excused, 0. (View Roll Calls)
Vote on third reading will be reconsidered.
Third reading, passed; yeas, 52; nays, 46; absent, 0; excused, 0. (View Roll Calls)

IN THE SENATE

Apr 22
Senate refuses to concur in House amendments. Asks House for conference thereon.
Conference committee appointed. Senators Robinson, Pedersen, Wilson, L..

IN THE HOUSE

Apr 23
Conference committee request granted.
Conference committee appointed. Representatives Frame, Orcutt, Sullivan.
Conference committee report; received 7:27 PM 4/23/2021.

IN THE SENATE

Apr 23
Conference committee report; received 8:15 PM 4/23/2021.

IN THE HOUSE

Apr 23
Signed by Representatives Frame, Sullivan; Senators Pedersen, Robinson.
Apr 24
Conference committee report adopted.
Passed final passage as recommended by conference committee; yeas, 52; nays, 44; absent, 0; excused, 2. (View Roll Calls)

IN THE SENATE

Apr 25
Conference committee report adopted.
Passed final passage as recommended by conference committee; yeas, 25; nays, 24; absent, 0; excused, 0. (View Roll Calls)
President signed.

IN THE HOUSE

Apr 25
Speaker signed.

OTHER THAN LEGISLATIVE ACTION

Apr 26
Delivered to Governor. (View Bill as Passed Legislature)
May 4
Governor signed.
Chapter 196, 2021 Laws. (View Session Law)
Effective date 7/25/2021.
Available Documents
For a complete list of documents, go to Online Reports Text of a Legislative Document.
Fiscal Note
Amendments
Available Videos