5849‑S AAS 3/20/91

SSB 5849 - S AMD

    BySenators McDonald and Rinehart

                         ADOPTED; BILL FAILED 3/20/91 - Voice Vote

    On page 17, after line 13, insert the following:

    "NEW SECTION. Sec. 13. A new section is added to chapter 84.48 RCW to read as follows:

    Annually when equalizing assessments under RCW 84.48.080, the department shall determine the loss in state property tax revenues for the succeeding tax year resulting from the equalization of property tax assessments under RCW 84.48.080 to the correct assessed value under section 5 of this act rather than to true and fair value.  The department shall certify this amount to the ways and means committees of the house and senate by January 1st.

    An amount equal to the certified amount shall be appropriated by the legislature for the support of the common schools from moneys in the state general fund accruing from taxes other than the state property tax."

    Renumber the sections consecutively and correct any internal references accordingly.

SSB 5849 - S AMD

    BySenators McDonald and Rinehart

                         ADOPTED; BILL FAILED 3/20/91 - Voice Vote

    On page 1, line 7 of the title, after "84.40 RCW;" insert "adding a new section to chapter 84.48 RCW;"