RELATING TO TAXATION OF REAL ESTATE INVESTMENT TRUSTS.
SB 592 removes a tax deduction currently available to real estate investment trusts (REITs), requiring them to pay taxes on more income. This change directly affects REITs by increasing their tax burden starting in 2026. The bill applies to tax years beginning after December 31, 2025.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2025
Last action Jan 23, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 23, 2025
Committee
Referred to CPN/EDT, WAM.
upper
Jan 17, 2025
Introduced
Introduced.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Sharon Moriwaki
DDemocratic
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