1831-S AMH HOLL LONG1

SHB 1831 - H AMD  283 Adopted 3-19-91

By Representatives VanLuven, Wang and Holland

     On page 2, after line 23, insert:

     "(1) When the taxpayer demonstrates by a preponderance of the evidence that the primary intent of the ownership transfer is for purposes other than avoidance of the tax imposed in chapter 82.45 RCW."

     Renumber subsections consecutively and correct any internal references accordingly.

EFFECT:  Exempts stock purchases when there is no intent to avoid real estate excise tax.