EHB 2487 — Concerning taxes imposed on insurers operating within the state.

What this bill does

Limits the insurance premium exemption to the business and occupation tax to only apply to gross premiums received by an insurer upon which the same insurer paid insurance premium taxes, or if the insurer is exempt from premium taxes.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

• House — 3rd Reading & Final Passage · March 6, 2026
  51 yea · 44 nay · 3 not voting
• Senate — 3rd Reading & Final Passage · March 11, 2026
  27 yea · 22 nay

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