Notice of Introduction and Public Hearing for Senate Bill 5138

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SB 5138, titled AN ACT Relating to eliminating a business and occupation tax deduction for financial institutions to fund affordable housing, has been introduced in the Senate. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.

Ten-year projection:

Ten-year projection prepared in consultation with the following agencies:



Bill sponsors and contact information:




Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp

You are receiving this email as a subscriber to the Initiative 960 email list. RCW 43.135.031 (I-960) requires that notices be sent each time a bill that raises taxes or fees is: introduced in either house; scheduled for a public hearing; approved by any legislative committee; or passed by either house of the Legislature.

Please note: This email message was sent from a notification-only address. Please do not reply to this message.

SB 5138, titled AN ACT Relating to eliminating a business and occupation tax deduction for financial institutions to fund affordable housing, has been scheduled for a public hearing by the Senate Committee on Financial Institutions, Economic Development & Trade.

Date and Time: 01/21/2021 8:00AM (Subject to change by the Legislature.)
Location: , Virtual, ,

The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.

Ten-year projection:

The ten-year projection is not yet complete. It will be sent as soon as it is available.


Bill sponsors and contact information:


Senate Committee on Financial Institutions, Economic Development & Trade members and contact information:



Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp