"
NEW SECTION. Sec. 74. A new section is added to chapter
82.04 RCW to read as follows:
(1) Beginning July 1, 2019, an additional rate of tax of 0.3 percent is added to the rate provided for in RCW
82.04.255,
82.04.285, and
82.04.290(2)(a).
(2) The additional rate in subsection (1) of this section does not apply to persons engaging within this state in business as a hospital. "Hospital" has the meaning provided in chapter
70.41 RCW but also includes any hospital that comes within the scope of chapter
71.12 RCW if the hospital is also licensed under chapter
70.41 RCW.
(3) Revenues received from the additional rate in this section must be deposited into the workforce education investment account created in section 2 of this act.
Sec. 75. RCW
82.04.4451 and 2010 1st sp.s. c 23 s 1102 are each amended to read as follows:
(1) In computing the tax imposed under this chapter, a credit is allowed against the amount of tax otherwise due under this chapter, as provided in this section. Except for taxpayers that report at least fifty percent of their taxable amount under RCW
82.04.255,
82.04.290(2)(a), and
82.04.285, the maximum credit for a taxpayer for a reporting period is ((
thirty-five))
one hundred dollars multiplied by the number of months in the reporting period, as determined under RCW
82.32.045. For a taxpayer that reports at least fifty percent of its taxable amount under RCW
82.04.255,
82.04.290(2)(a), and
82.04.285, the maximum credit for a reporting period is ((
seventy))
three hundred seventy-five dollars multiplied by the number of months in the reporting period, as determined under RCW
82.32.045.
(2) When the amount of tax otherwise due under this chapter is equal to or less than the maximum credit, a credit is allowed equal to the amount of tax otherwise due under this chapter.
(3) When the amount of tax otherwise due under this chapter exceeds the maximum credit, a reduced credit is allowed equal to twice the maximum credit, minus the tax otherwise due under this chapter, but not less than zero.
(4) The department may prepare a tax credit table consisting of tax ranges using increments of no more than five dollars and a corresponding tax credit to be applied to those tax ranges. The table shall be prepared in such a manner that no taxpayer will owe a greater amount of tax by using the table than would be owed by performing the calculation under subsections (1) through (3) of this section. A table prepared by the department under this subsection must be used by all taxpayers in taking the credit provided in this section."