[Legislativecommittee1] FW: Title Insurance Agent Tax Preference Repeal

[Jp Kissling]

Please review the attached from Carrie.  This may be big issue.

From: Carrie Tellefson <carrie at sound-gov.com>
Sent: Friday, March 21, 2025 4:18 PM
To: Jp Kissling <jpkissling at fitico.com>; Maureen Pfaff <maureen at olypentitle.com>; Michelle Taylor <mjtaylor at firstam.com>; George Peters <execdirector at washingtonlandtitle.com>
Cc: Sam Miller <sam at sound-gov.com>
Subject: Title Insurance Agent Tax Preference Repeal

Hi all - the House and Senate introduced revenue proposals today.  SB 5794 repeals several tax preferences, including the tax preference for insurance agents and title insurance agents:

https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/Senate%20Bills/5794.pdf?q=20250321161420<https://url.avanan.click/v2/r01/___https:/lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/Senate%20Bills/5794.pdf?q=20250321161420___.YXAzOmZpZGVsaXR5dGl0bGVjbzphOm86ZjU5MWY2YWYyZmY2OWI0YTdmMTcxMmIzNGJkNGFlYWU6Nzo5M2NhOmFiOWE4MzRkMWVkNGNmYjIwM2VmNzMwMTYzYTY5MDI3MWIwMTE2MDkzZjg1OGNlMzY4ZGViYjc2NzRkZTllZGM6aDpUOkY>

Does anybody have the background on how this preference came to be in the first place?  What was the public policy argument?

Thanks,

Carrie

Carrie Tellefson, JD, President
Sound Government Solutions
253-576-9908 (cell)

[cid2387524142*81be06f7-0e2f-4cbb-ba84-52a5c8d90d15]

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