SSB 5096 — Concerning employee ownership.
Signed into law — Chapter 392, Laws of 2023
- Sponsor
- Padden
- Introduced
- January 24, 2023
- Status
- C 392 L 23
- Last action
- Effective date 7/23/2023*. (May 9, 2023)
What this bill does
Creates the Washington Employee Ownership Program (Program) at the Department of Commerce to support efforts of businesses considering a sale to an employee structure. Establishes the Washington Employee Ownership Commission to oversee the Program. Provides a business and occupation tax credit for costs related to converting a qualifying business to an employee ownership structure.
From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗
Floor votes
- House — Final Passage as Amended by the House · April 17, 202396 yea · 0 nay · 2 not voting
- Senate — Final Passage as Amended by the House · April 19, 202348 yea · 0 nay · 1 not voting
- Senate — 3rd Reading & Final Passage · March 2, 202349 yea · 0 nay
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Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗