5096-S.E AMH ORCU H1603.1

ESSB 5096 - H AMD TO FIN COMM AMD (H-1547.5/21) 733

By Representative Orcutt

NOT ADOPTED 04/20/2021

On page 1, beginning on line 23, strike all of section 2 and insert the following:

"NEW SECTION. Sec. 2. All taxes, interest, and penalties collected under this chapter must be deposited as follows:

(1) Seventy percent into the education legacy trust account created in RCW 83.100.230; and

(2) Thirty percent into the budget stabilization account established in RCW 43.79.490."

EFFECT: Requires that 30 percent of the revenues from the tax be deposited into the state budget stabilization account.

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