The bill aims to enhance tax and revenue laws in Washington State while ensuring that state and local tax collections remain unaffected. It introduces provisions to reduce compliance burdens for taxpayers, clarify existing ambiguities, and improve administrative efficiencies. Key amendments include a requirement for the review and rebasing of state basic education compensation allocations every four years to align with market-rate salaries and regional economic conditions. The bill also outlines specific adjustments to regionalization factors for school districts, particularly in relation to salary allocations based on residential values.

Additionally, the bill amends several sections of the Revised Code of Washington (RCW) to update definitions and requirements concerning reseller permits for contractors, including the duration of permit validity and conditions for denial or revocation. It clarifies exemptions for armed services members regarding motor vehicle and trailer use. Notable insertions include specific percentage adjustments for regionalization factors and the definition of "eligible digital content," while deletions streamline existing language for clarity. The bill also establishes that taxes under chapter 82.46 RCW will be applied similarly to those under chapter 82.45 RCW and repeals RCW 19.02.055, with a provision for the new section to expire on January 1, 2034. The bill has been approved by both the Senate and House and has received the Governor's approval.

Statutes affected:
Original Bill: 28A.150.412, 82.04.759, 82.32.783, 82.04.190, 19.02.055
Bill as Passed Legislature: 28A.150.412, 82.04.759, 82.32.783, 82.04.190, 19.02.055
Session Law: 28A.150.412, 82.04.759, 82.32.783, 82.04.190, 19.02.055