1839-S AMH STOK OBRT 135

SHB 1839 - H AMD 345

By Representative Stokesbary

ADOPTED 03/11/2019

On page 3, beginning on line 28, strike all of subsection (9)

Renumber the remaining subsections consecutively and correct any internal references accordingly.

On page 4, after line 32, insert the following:

"NEW SECTION. Sec. A new section is added to chapter 82.32 RCW to read as follows: (1) The state treasurer must deposit each of the repayments of taxes due required in subsection (4) of section 2 of this act as follows:

(a) One-third of the annual repayment of the taxes due must be deposited into the fair fund created in RCW 15.76.115;

(b) One-third of the annual repayment of the taxes due must be deposited into the home security fund account created in RCW 43.185C.060; and

(c) One-third of the annual repayment of the taxes due must be deposited into the state general fund.

(2) The state treasurer must deposit any interest assessed and accrued on taxes due pursuant to subsection (4) of section 2 of this act that is part of any annual repayment into the state general fund.

(3) In the event that an accelerated repayment schedule is authorized by the department pursuant to subsection (5) of section 2 of this act, the state treasurer must deposit any amount in excess of taxes due pursuant to subsection (4) of section 2 of this act into the state general fund."

Renumber the remaining sections consecutively and correct any internal references accordingly.

Correct the title.

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