This effort is intended to improve taxpayer compliance and increase federal revenues by $463 billion over the next ten years.
In focus for these meetings are the potential threats to the credit card interchange system being floated in the Senate.
The news came during yesterday’s meeting of the Washington State Economic and Revenue Forecast Council as part of Dr. Stephen Lerch’s official quarterly forecast.
The bill cleared the Legislature last week with a 68-30 vote by the House of Representatives, which came after a 40-7 vote in the Senate earlier this year.
3.3 million Washingtonians have received their first dose.
Legislation allowing credit unions to hold unlimited public deposits statewide took another step forward.
Lawmakers returned to committee to hold hearings on policies that were approved in the opposite chamber.
The Washington State Senate today approved legislation by a significant 40-7 margin that would allow credit unions statewide to hold unlimited public deposits from local municipalities and the state.
The bill now heads to the Senate where it will await a hearing in the Senate Financial Services Committee.
Legislation allowing credit unions to accept unlimited public deposits statewide was approved by a Senate Committee with bipartisan support.
Washington’s virtual 2021 legislative session is off to an incredibly fast start for credit unions.
The federal government and individual states make plans for how to roll out COVID-19 vaccines.
The plan is to follow the state’s modified short-term restrictions that went into place in November.
A proposed $57.9 billion state operating budget is planned for the 2021-23 cycle.
The committee will continue to have seven members made up of four Democrats and three Republicans that will include three new members for the 2021-22 legislative cycle.
Inslee cited increasing hospitalization and infection rates that still do not yet even fully capture the impact of Thanksgiving holiday gatherings.
This bill would allow credit unions more ability to serve public entities across the state.