SB5766 — Clarifying the business and occupation tax treatment of the investment income of passive investment vehicles managed by a person subject to business and occupation tax under RCW 82.04.290(1).

SB5766 — Clarifying the business and occupation tax treatment of the investment income of passive investment vehicles managed by a person subject to business and occupation tax under RCW 82.04.290(1). · Informed CitizenrySB 5766 amends RCW 82.04.4281 to clarify and preserve certainty regarding the deduction of investment income for business and occupation tax purposes. The bill amends the section to allow deduction…Open in Informed Citizenry