On page 10, after line 8, insert the following:

NEW SECTION.  Sec. 13.  "A new section is added to chapter 77.125 RCW to read as follows:

All net pen aquaculture operators with Atlantic salmon net pen operations on the effective date of this section shall receive a credit against taxes levied on such businesses in the amount of expenses incurred to transition to other aquaculture species permitted by the law."

EFFECT: All net pen operators required to phase out the production of Atlantic salmon aquaculture in Washington state shall receive a credit against taxes levied on such businesses in the amount of expenses incurred to transition to other aquaculture species.