WA HB2023

Department of Revenue prohibited from assessing business and occupation tax on investment income of non-banking/lending/security businesses based on the Antio, LLC v. Department of Revenue ruling until July 1, 2026

Work group established to study taxation of investment income under RCW 82.04.4281 and provide recommendations to clarify the deduction by November 30, 2025

Work group membership includes representatives from Department of Revenue, Office of Financial Management, investment management, nonprofit arts organizations, union pension funds, business associations, and CPA associations

First meeting required within 45 days of appointment, with monthly meetings thereafter until recommendations are delivered

Declared an emergency measure taking effect immediately to address uncertainty created by state supreme court decision