CERTIFICATION OF ENROLLMENT

SENATE BILL 5175

Chapter 135, Laws of 2005

59th Legislature
2005 Regular Session

EXCISE TAX INCENTIVES--INTERNATIONAL COMPANIES

EFFECTIVE DATE: 7/24/05

Passed by the Senate March 4, 2005 YEAS 47 NAYS 0 BRAD OWEN ________________________________________ President of the Senate Passed by the House April 8, 2005 YEAS 94 NAYS 2 FRANK CHOPP ________________________________________ Speaker of the House of Representatives		CERTIFICATE I, Thomas Hoemann, Secretary of the Senate of the State of Washington, do hereby certify that the attached is SENATE BILL 5175 as passed by the Senate and the House of Representatives on the dates hereon set forth. THOMAS HOEMANN ________________________________________ Secretary
Approved April 22, 2005. CHRISTINE GREGOIRE ________________________________________ Governor of the State of Washington		FILED April 22, 2005 - 3:23 p.m. Secretary of State State of Washington

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SENATE BILL 5175
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Passed Legislature - 2005 Regular Session

State of Washington

59th Legislature

2005 Regular Session

By Senators Shin, Schmidt, Kohl-Welles, Rasmussen, Rockefeller, Eide, Kline, Roach, Berkey, Doumit and McAuliffe

Read first time 01/17/2005. Referred to Committee on International Trade & Economic Development.

AN ACT Relating to excise tax incentives for international companies investing in Washington; adding a new section to chapter 43.330 RCW; and creating a new section.

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

NEW SECTION. Sec. 1 The legislature finds that many international companies with an interest in operating in Washington are not aware of the various tax incentives that are available. It is the intent of the legislature to ensure that these international companies understand that they are eligible for these business and occupation tax and sales and use tax deferrals when investing in Washington. It is the further intent of the legislature that the department of community, trade, and economic development and associate development organizations make clear to international companies that they are eligible for the state's various tax incentives.

NEW SECTION. Sec. 2 A new section is added to chapter 43.330 RCW to read as follows:
An international company investing in Washington is included within the definition of person in RCW 82.04.030 and is eligible for excise tax incentives provided in Title 82 RCW in the same manner as any domestic company.

         Passed by the Senate March 4, 2005.
         Passed by the House April 8, 2005.
         Approved by the Governor April 22, 2005.
         Filed in Office of Secretary of State April 22, 2005.