Thornewood Castle
Lakewood Chamber of CommerceBoard of Directors Policy PositionOppose HB 1320—Business and Occupation Tax IncreasesJanuary 28, 2025 House Bill 1320 proposes a 20% surcharge on the business and occupation (B&O) tax rate for businesses in the “service and other activities” category with annual income exceeding $1 million from October 2025...
Lakewood Chamber of CommerceBoard of Directors Policy PositionOpposes HB 1319 – A New Wealth Tax on Washington ResidentsJanuary 28, 2025 House Bill 1319 proposes a 1% annual tax on worldwide financial intangible assets exceeding $100 million, targeting approximately 3,400 of Washington’s wealthiest residents. While the bill’s stated goals include...
Lakewood Chamber of CommerceBoard of Directors Policy PositionOpposes HB 1044 – Raising the REET FeeJanuary 28, 2025 House Bill 1044 seeks to raise the real estate excise tax (REET) administrative fee from $5 to $20 per transaction, with additional increases every four years tied to the Consumer Price Index...
Lakewood Chamber of CommerceBoard of Directors Policy PositionOpposes HB 1213 – Changes to Washington’s Paid Family and Medical LeaveJanuary 28, 2025 HB 1213 proposes significant changes to Washington’s Paid Family and Medical Leave (PFML) law that would impose substantial administrative and operational burdens on employers, particularly small businesses and...
