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Bill

HB 1995

Concerning tax preferences.

2025-2026 Regular Session Introduced by Brianna Thomas

Washington HB 1995 modifies state tax preferences through unspecified changes currently under House Finance Committee review.

Executive session scheduled, but no action was taken in the House Committee on Finance at 8:00 AM.
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Bill Summary · HB 1995

Legislative bill overview

HB 1995 is a Washington State bill concerning tax preferences that was introduced by Representative Brianna Thomas. The bill has advanced through initial procedural steps including a first reading and referral to the House Committee on Finance, where it received a public hearing on February 24, 2025.

Why is this important

Tax preference bills directly affect state revenue and can influence which individuals, businesses, or industries receive financial benefits through the tax code. Changes to tax preferences can have cascading effects on state budgets, economic competitiveness, and tax burden distribution across different taxpayer groups.

Potential points of contention

  • Lack of publicly available details: Without access to the bill's specific language or summary, the exact nature of the tax preferences being modified remains unclear, making it difficult to assess whether the changes are expansions or reductions
  • Revenue implications: Any changes to tax preferences typically trigger debates about state revenue needs, budget priorities, and whether tax expenditures represent effective public policy
  • Equity and fairness questions: Tax preference modifications often spark disagreement about whether benefits are fairly distributed across income levels, business sectors, or geographic regions

Compiled from official sources — confirm details with the bill’s official record.

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