NAIFA Washington ACTION ALERT helps defeat 271% B&O
Tax Increase
The House Finance Committee convened to take action on HB2038—the bill that would
impose over $1 billion in various tax increases that was heard in committee on
Friday, April 19. But Olympia’s
House of Representatives heard from thousands of insurance producers!!
Summary of our Talking Points
to oppose HB2038:
- Section 201 of HB
2038 would increase B&O taxes on insurance agents and brokers by 271%.
- This tax increase
would damage thousands of small business insurance professionals on Main Street
in every city and town in Washington.
- Insurance Agents
and Brokers have no ability to include tax increases on premium statements that
insurers send to their policyholders.