News for Economics
A billion dollars in new taxes and an 18 percent increase in spending are highlights of the state biennial budget passed by the Legislature Sunday night, just 15 minutes before a midnight deadline to adjourn.
Posted on: 04/30/2019
Democratic leaders in the Washington State Senate and House of Representatives have proposed differing biennial budgets for 2019-2021, but they do have two things in common: They are both way bigger than the previous state budget, and they both feature tax increases.
Posted on: 04/09/2019
House Democrats unveiled a two-year state budget proposal that seeks $1.4B in new revenue, including a new 9.9% capital gains tax, a 20% (and up) B&O tax increase for many businesses, and an increase in the real estate excise tax (REET).
Posted on: 03/26/2019
The number of anti-business bills introduced in Olympia this year has been unprecedented. But thanks to a worthy effort from AGC and its members, general contractors and subcontractors alike will not be as easy targets in years to come for double-payment liability on private projects.
Posted on: 03/26/2019
Substitute House Bill 1395 was added to the floor calendar on March 5 and will likely be heard very soon.
Posted on: 03/06/2019
The Department of Labor & Industries (L&I) is changing employment rules that determine which salaried employees in Washington are required by law to receive overtime pay, minimum wage and paid sick leave.
Posted on: 12/18/2018
On June 7, 2018, the Equal-Pay Opportunity Act (EPOA) went into effect, making updates to the Washngton State Equal Pay Act of 1943.
Posted on: 12/04/2018
The price of workers’ compensation insurance in Washington will take the largest drop in more than 10 years on January 1, as the state Department of Labor & Industries (L&I) finalized its proposed 5 percent decrease in the average amount employers pay for the coverage.
Posted on: 12/04/2018
On Jan. 1, 2019, employers need to begin collecting paid family and medical leave premiums; budget for the employer share of the premium; and begin tracking hours and wages of all employees, including seasonal, temporary and part-time workers.
Posted on: 11/19/2018
One of the lingering questions regarding the state’s new minimum wage and paid sick leave law, which went into effect Jan. 1 2018, is how “Washington-based employees” will be defined.
Posted on: 11/06/2018
With the passage last year of a paid family- and medical-leave program for Washington State, new taxes will be collected on BOTH employers and employees starting Jan. 1, 2019.
Posted on: 09/20/2018
The Department of Labor and Industries has announced its intention to conduct rulemaking on the executive, administrative, professional (EAP), and outside sales person exemption to Minimum Wage Act rules under WAC 296-128.
Posted on: 08/13/2018
Telling the Seattle City Council and Mayor Jenny Durkan that hurting construction jobs is not the way to combat homelessness, AGC is strongly opposed to the city’s proposed $500 per employee “head tax” – a controversial measure that caused Amazon to pause its ongoing construction in Seattle.
Posted on: 05/08/2018
Taxes to fund the paid family- and medical-leave program passed by the Legislature last year will be collected starting Jan. 1, 2019 -- but the benefits won’t be available to be taken until Jan. 1, 2020.
Posted on: 04/23/2018
On March 19, the Department of Commerce published its exclusion process procedures (interim final rule) for steel and aluminum tariffs...
Posted on: 03/28/2018
On March 8, President Trump signed proclamations to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, with limited exceptions.
Posted on: 03/13/2018
AGC applauds passage of the long-delayed 2017-2019 State Capital Budget as well as passage of the water-rights “Hirst fix.”
Posted on: 01/30/2018
After several years of study, the Washington State Transportation Commission will test a pay-per-mile tax system called a road usage charge beginning in early 2018. A road usage charge asks drivers to pay for the miles they drive in Washington, rather than by the gallons of gas they use.
Posted on: 12/14/2017
AGC is sponsoring a presentation and webinar by Darren Feider of Sebris Busto to answer all your questions about the new paid sick leave law that takes effect on Jan. 1, 2018.
Posted on: 10/23/2017
Hurricane Harvey’s immediate impact on the construction sector will be a disruption in the supply chain for key materials, along with scheduling problems for projects that were under construction.
Posted on: 09/08/2017
The State Legislature has passed the operating budget -- but not the capital budget, which funds a multitude of construction projects.
Posted on: 07/14/2017
Just barely avoiding a government shutdown, the Legislature on June 30 passed the $44 billion 2017-2019 state operating budget.
Posted on: 07/11/2017
WSDOT has announced that a few projects to be advertised by the end of this year will carry Maximum Funds Available specifications. For these projects bids will be rejected if the bid amounts exceed the specified maximum funds available.
Posted on: 06/05/2017
Government Affairs Committee member Jaci Hayden testified on behalf of AGC before the Senate Ways and Means Committee April 26. Hayden expressed AGC’s opposition to SB 5929, a comprehensive tax increase bill, especially the bill’s proposed 20-percent B&O tax increase.
Posted on: 05/08/2017
With the state House proposed operating budget approved by that body, eyes are now fixed on legislation needed to fund it. HB 2186 received a “do pass” recommendation from the House Finance Committee April 4 after a public hearing the day prior.