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State signing ceremony advances I‑5 bridge bonds, tax fixes, housing aid; one bill partly vetoed
Summary
Speaker 1 presided over a bill‑signing ceremony that enacted multiple state measures, including authorization of up to $2.5 billion in bonds for an Interstate‑5 bridge replacement, changes to capital gains and B&O tax rules, and an extension of Housing and Essential Needs benefits — with Speaker 1 vetoing section 5 of that bill while directing agencies to seek alternatives.
Speaker 1 signed a package of state laws during a public ceremony, highlighting a $2.5 billion bond authorization for the Interstate‑5 bridge replacement and a string of policy measures affecting taxes, education levies, social services and corrections.
Among the most consequential measures, Speaker 1 said the Legislature authorized the state to issue up to $2,500,000,000 in bonds to fund design and construction of the Interstate‑5 bridge replacement program, a project Speaker 1 described as addressing seismically vulnerable bridges, upgrading interchanges, extending light rail to Vancouver, Washington, and adding a shared‑use path for pedestrians and cyclists. Speaker 1 credited state representative Jake Fey and state senator Marco Liias as legislative sponsors.
Speaker 1 also signed a package of bills that included tax and regulatory changes. House Bill 2020 established a business‑and‑occupation tax rate of 3.1% on payment‑card processing activities and allowed certain collected amounts to be deducted from a business’s gross…
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