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                                ENGROSSED SUBSTITUTE SENATE BILL NO. 4315

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State of Washington                              49th Legislature                              1985 Regular Session

By Senate Committee on Ways and Means (originally sponsored by Senators Halsan and Owen)

Read first time  3/8/85.

AN ACT Relating to the classification and declassification of forest land; and adding a new section to chapter 84.33 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 84.33 RCW to read as follows:

          (1) If no later than thirty days after removal of classification or designation  the owner applies for classification under RCW 84.34.020 (2) or (3), then the classified or designated forest land shall not be considered removed from classification or designation for purposes of the compensating tax under RCW 84.33.120 or 84.33.140 until the application for current use classification under RCW 84.34.030 is denied or the property is removed from designation under RCW 84.34.108.  Upon removal from designation under RCW 84.34.108, the amount of compensating tax due shall be equal to:

          (a) The difference, if any, between the amount of tax last levied on such land as forest land and an amount equal to the new assessed valuation of such land when removed from designation under RCW 84.34.108 multiplied by the dollar rate of the last levy extended against such land, multiplied by

          (b) A number equal to the number of years, commencing with assessment year 1975, for which such land was assessed and valued as forest land, but in no event greater than ten, minus the total number of years in excess of ten that the land was classified or designated under this chapter and classified under chapter 84.34 RCW.

          (2) Nothing in this section authorizes the continued classification or designation under this chapter or defers or reduces the compensating tax imposed upon forest land not transferred to classification under subsection (1) of this section which does not meet the necessary definitions of forest land under RCW 84.33.100.