SB 5622 -
By Senator Chase
NOT CONSIDERED
On page 5, after line 9, insert the following:
"(5) If a taxpayer who claimed an exemption under this section
closes a facility in Washington for which employment positions were
reported under section 5 of this act, resulting in a loss of jobs
located within the state, the department must declare the amount of the
tax exemption claimed under this section for the previous two calendar
years to be immediately due.
(6) This section expires July 1, 2024."
On page 5, after line 31, insert the following:
"(4) This section expires July 1, 2024.
NEW SECTION. Sec. 5 A new section is added to chapter 82.32 RCW
to read as follows:
(1) Every taxpayer claiming an exemption under section 3 or 4 of
this act must file with the department a complete annual survey as
required under RCW 82.32.585, except that the taxpayer must file a
separate survey for each facility owned or operated in the state of
Washington.
(2) This section expires July 1, 2024."
Renumber the remaining sections consecutively and correct any internal references accordingly.
SB 5622 -
By Senator Chase
NOT CONSIDERED
On page 1, line 3 of the title, after "82.12 RCW;" strike the remainder of the title and insert "adding a new section to chapter 82.32 RCW; providing effective dates; and providing expiration dates."
EFFECT: Includes an expiration date of July 1, 2024, for the retail sales and use tax exemptions created in the bill. Requires taxpayers claiming the exemptions to file a complete annual survey with the Department of Revenue (DOR). Requires DOR to declare any exemption claimed in the previous two calendar years to be due, if a taxpayer closes a facility in Washington, resulting in a loss of jobs.