1105-S.E AAS 4/10/91

ESHB 1105 - S COMM AMD

By Committee on Governmental Operations

                                                       Adopted 4/10/91 - Voice Vote

     Strike everything after the enacting clause and insert the following:

     "NEW SECTION. Sec. 1.     The legislature recognizes that retired persons generally are financially dependent on fixed pension or retirement benefits and passive income from investment property.  Because  of this dependency, retired persons are more vulnerable than others to inflation and depletion of their assets.  It is the purpose of this act to increase the protection of income of retired persons residing in the state of Washington from collection of income taxes imposed by other states."

     "Sec. 2.  RCW 6.13.030 and 1987 c 442 s 203 are each amended to read as follows:

     A homestead may consist of lands, as described in RCW 6.13.010, regardless of area, but the homestead exemption amount shall not exceed the lesser of (((i))) (1) the total net value of the lands, mobile home, and improvements as described in RCW 6.13.010, or (((ii))) (2) the sum of thirty thousand dollars, except where the homestead is subject to execution, attachment, or seizure by or under any legal process whatever to satisfy a judgment in favor of any state for failure to pay that state's income tax on benefits received while a resident of the state of Washington from a pension or other retirement plan, in which event there shall be no dollar limit on the value of the exemption."

     "NEW SECTION. Sec. 3.  A new section is added to chapter 6.15 RCW to read as follows:

     Where a judgment is in favor of any state for failure to pay that state's income tax on benefits received while a resident of the state of Washington from a pension or other retirement plan, all property in this state, real or personal, tangible or intangible, of a judgment debtor shall be exempt from execution, attachment, garnishment, or seizure by or under any legal process whatever, and when a debtor dies, or absconds, and leaves his or her spouse and dependents any property exempted by this section, the same shall be exempt to the surviving spouse and dependents."

ESHB 1105 - S COMM AMD

By Committee on Governmental Operations

                                                       Adopted 4/10/91 - Voice Vote

     On page 1, line 1 of the title, after "execution;" strike the remainder of the title and insert "amending RCW 6.13.030; adding a new section to chapter 6.15 RCW; and creating a new section."