S-742                 _______________________________________________

                                                   SENATE BILL NO. 3383

                        _______________________________________________

State of Washington                              49th Legislature                              1985 Regular Session

By Senators Fleming, Goltz and Hansen

Read first time 1/28/85 and referred to Committee on Ways and Means.

AN ACT Relating to the taxation of commercial, agricultural, and investment loans; and amending RCW 82.04.250.

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

        Sec. 1.  Section 82.04.250, chapter 15, Laws of 1961 as last amended by section 2, chapter 172, Laws of 1981 and RCW 82.04.250 are each amended to read as follows:

          Upon every person except persons taxable under RCW 82.04.260(8) engaging within this state in the business of making sales at retail, as to such persons, the amount of tax with respect to such business shall be equal to the gross proceeds of sales of the business, multiplied by the rate of forty-four one-hundredths of one percent.

For purposes of this section, "sales at retail" includes loans made  primarily for commercial, agricultural, or investment purposes by state and national banks, state and federal savings banks, savings and loan associations, and entities subject to Titles 30 and 31 RCW.