BILL REQ. #:  S-1632.1 



_____________________________________________ 

SUBSTITUTE SENATE BILL 5251
_____________________________________________
State of Washington63rd Legislature2013 Regular Session

By Senate Trade & Economic Development (originally sponsored by Senators Chase and Shin)

READ FIRST TIME 02/20/13.   



     AN ACT Relating to exempting certain manufacturing research and development activities from business and occupation taxation; and adding a new section to chapter 82.04 RCW.

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

NEW SECTION.  Sec. 1   A new section is added to chapter 82.04 RCW to read as follows:
     During the first five years of production, this chapter does not apply to any person with respect to the value of products manufactured in Washington when:
     (1) The product was developed as a result of research and development, as defined in RCW 82.63.010, carried out at the University of Washington or Washington State University; and
     (2) The product is being manufactured pursuant to a licensing agreement with the University of Washington or Washington State University.

--- END ---