ENGROSSED HOUSE BILL 1450







                                52nd Legislature

                              1991 Regular Session



Passed by the House February 18, 1991

  Yeas 98   Nays 0




Speaker of the

    House of Representatives


Passed by the Senate April 3, 1991

  Yeas 45   Nays 2




President of the Senate



Approved Place Style On Codes above, and Style Off Codes below.









Governor of the State of Washington



I, Alan Thompson, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is ENGROSSED HOUSE BILL 1450 as passed by the House of Representatives and the Senate on the dates hereon set forth.




                                       Chief Clerk











                        Secretary of State   

                       State of Washington  



                             ENGROSSED HOUSE BILL 1450



                     Passed Legislature - 1991 Regular Session



State of Washington              52nd Legislature             1991 Regular Session


By Representatives Peery, H. Myers, Morris and Cooper.



Read first time January 30, 1991.  Referred to Committee on Revenue.Providing a business and occupation tax credit for services provided by a public safety testing lab.

     AN ACT Relating to a business and occupation tax credit for services and information provided to the state by a public safety testing laboratory; adding a new section to chapter 82.04 RCW; providing an effective date; and declaring an emergency.




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

     (1) There may be credited against the tax imposed by this chapter, the value of services and information relating to setting of standards and testing for public safety provided to the state of Washington, without charge, at the state's request, by a nonprofit corporation that is:

     (a) Organized and operated for the purpose of setting standards and testing for public safety; and

     (b) Exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code of 1986, as amended; and

     (c) Organized with no direct or indirect industry affiliation.

     (2) The value of the services and information requested by the state and provided to the state, without charge, shall be determined by the allocation of the cost method using generally accepted accounting standards.

     (3) The credit allowed under this section shall be limited to the amount of tax imposed by this chapter.  Any unused excess credit in a reporting period may be carried forward to future reporting periods for a maximum of one year.


     NEW SECTION.  Sec. 2.      This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect July 1, 1991.