5661 AMH TED H2791.1

SB 5661 - H COMM AMD

By Committee on Trade & Economic Development

    Strike everything after the enacting clause and insert the following:

    "NEW SECTION. Sec. 1.  A new section is added to chapter 82.04 RCW to read as follows:

    In computing tax there may be deducted from the measure of tax amounts received by a nonprofit corporation, organized under chapter 24.03 RCW, as payments or contributions from the United States or any instrumentality thereof, the state, or any county, city, town, municipal corporation, quasi-municipal corporation, or political subdivision of the state for the promotion of conventions, tourism, or economic development."

    "NEW SECTION. Sec. 2.    This act applies both prospectively and retrospectively.  Retrospective application of this act shall not result in a refund of taxes collected prior to the effective date of this act, but shall terminate uncollected tax liabilities for payments or contributions described under section 1 of this act."

    "NEW SECTION. Sec. 3.    If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected."

SB 5661 - H COMM AMD

By Committee on Trade & Economic Development

    On page 1, line 2 of the title, after "entities;" strike the remainder of the title and insert "adding a new section to chapter 82.04 RCW; and creating a new section."