5812‑S.E AAS 2/11/92

ESSB 5812 - S AMD

By Senators Williams, and McDonald

                                                   ADOPTED 2/11/92

    Strike everything after the enacting clause and insert the following:

    "NEW SECTION. Sec. 1.  A new section is added to chapter 84.56 RCW to read as follows:

    RCW 84.56.020 notwithstanding, if 1993 taxes payable on real property exceed one hundred fifty percent of the 1992 taxes payable on the property:

    (1) No interest or penalties may be assessed for the period from April 30, 1993, through April 30, 1994, on the amount that the 1993 taxes exceed one hundred fifty percent of the 1992 taxes; and

    (2) The provisions of RCW 84.56.020 regarding the payment of taxes on the property shall be computed separately for the amount that the 1993 taxes do not exceed one hundred fifty percent of the 1992 taxes and for the remaining amount.

    This section does not apply to taxes attributable to increases in value due to new construction, improvements to property, or the subdivision of land.

    This section does not apply unless the taxpayer applies to the county treasurer for the benefits under this section, before April 30, 1993."

    "NEW SECTION. Sec. 2.  A new section is added to chapter 84.38 RCW to read as follows:

    RCW 84.38.100 notwithstanding, no interest may be assessed for the period April 30, 1993, through April 30, 1994, on the amount that the 1993 taxes deferred under this chapter exceed one hundred fifty percent of the 1992 taxes on the property.

    This section does not apply to taxes attributable to increases in value due to new construction, improvements to property, or the subdivision of land."

ESSB 5812 - S AMD

By Senators Williams and McDonald

                                                   ADOPTED 2/11/92

    On page 1, line 1 of the title, after "taxes;" strike the remainder of the title and insert "adding a new section to chapter 84.56 RCW; and adding a new section to chapter 84.38 RCW."