HB 2487 Washington House · 2025-2026 Regular Session

Concerning taxes imposed on insurers operating within the state.

HB 2487 corrects a court interpretation that allowed non-insurers (like pharmacy benefit managers) to wrongly avoid business and occupation taxes by misusing an insurance tax exemption. The bill rewrites the exemption language to require businesses claiming it to prove they paid premium taxes to the state, aligning with the original 1935 intent to prevent double taxation on insurers. It consolidates two tax exemption sections and applies retroactively to tax periods starting October 2, 2019, to ensure businesses that previously misused the exemption pay what they owe. This directly affects insurers and businesses claiming the exemption, aiming to protect state revenue for schools and services.

Issues: ✓ Budget & Taxes

Bill status signed all 5 stages cleared

Introduction

Jan 2026

Committee Review

Mar 2026

House Passage

Mar 2026

Senate Passage

Mar 2026

Signed into Law

Apr 2026

Introduced Jan 14, 2026 Signed Apr 1, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed Bill → Passed Legislature · 1 edit

MINOR

The bill text was updated to include a formal Certification of Enrollment, confirming that the legislation passed both the House and Senate on March 6 and March 11, 2026, respectively. This addition serves as an official record of the bill's final passage and approval by the legislature, replacing the previous placeholder text.

TECHNICAL

Added a Certification of Enrollment section detailing the specific dates of passage by the House and Senate and the vote counts.

Floor votes · Senate Mar 11, 2026 · House Mar 6, 2026

How they voted

28–23

Passed

Total votes 51

Mar 11, 2026

D Democratic31

27 Yea 4 Nay

87% Yea

R Republican20

1 Yea 19 Nay

95% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 1, 2026

Signed into law

Governor signed.

executive

Mar 12, 2026

Upper · Passed

President signed.

upper

Mar 11, 2026

Lower · Passed

Speaker signed.

lower

Mar 10, 2026

Upper · Passed

Minority; do not pass.

upper

Mar 10, 2026

Upper · Passed

WM - Majority; do pass.

upper

Mar 10, 2026

Upper · Passed

Executive action taken in the Senate Committee on Ways & Means at 3:00 PM.

upper

Mar 9, 2026

Upper · Passed

Public hearing in the Senate Committee on Ways & Means at 10:00 AM.

upper

Mar 6, 2026

Lower · Passed

Floor amendment(s) adopted.

lower

Feb 9, 2026

Committee

Referred to Rules 2 Review.

lower

Feb 9, 2026

Lower · Passed

Minority; without recommendation.

lower

Feb 9, 2026

Lower · Passed

Minority; do not pass.

lower

Feb 9, 2026

Lower · Passed

FIN - Majority; do pass.

lower

Feb 9, 2026

Lower · Passed

Executive action taken in the House Committee on Finance at 8:00 AM.

lower

Jan 30, 2026

Lower · Passed

Public hearing in the House Committee on Finance at 1:30 PM.

lower

1 primary · 0 co-sponsors