S-3411.1          _______________________________________________

                                 SENATE BILL 6290

                  _______________________________________________

State of Washington              52nd Legislature             1992 Regular Session

By Senators Bauer, Sellar, Gaspard, Newhouse, Sutherland, Snyder, Owen, Madsen, McMullen and Rasmussen

Read first time 01/23/92.  Referred to Committee on Ways & Means.Exempting small business innovation research program distributions from business and occupation tax.

     AN ACT Relating to small business innovation research awards; and adding a new section to chapter 82.04 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

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

     This chapter does not apply to federal funds expended for research and technology distributed to small businesses under the small business innovation research program.