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WA HB1060
Bill
Status
4/7/2025
Primary Sponsor
Sharon Santos
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AI Summary
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Exempts newspaper printing, newspaper publishing, and eligible digital content publishing from Washington's Business and Occupation (B&O) tax for persons primarily engaged in these activities
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Requires claimants to file annual tax performance reports; failure to comply results in taxes due at 0.484% of gross income plus interest retroactive to when the exemption was taken
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Defines "eligible digital content" as electronic-only publications issued at least monthly with authored written content as the largest category by word count
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Reduces the exemption amount by any political expenditures made during the tax reporting period (as defined in campaign finance law)
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Section 2 provisions take effect January 1, 2026 and expire January 1, 2034
Legislative Description
Concerning newspapers and eligible digital content.
Last Action
Effective date 7/27/2025.
4/7/2025