H-0438.1          _______________________________________________

                                  HOUSE BILL 1898

                  _______________________________________________

State of Washington              52nd Legislature             1991 Regular Session

By Representatives Phillips and Van Luven.

Read first time February 14, 1991.  Referred to Committee on Trade & Economic Development\Revenue.Adding a business and occupation tax deduction.

     AN ACT Relating to the business and occupation taxation of payments and contributions to nonprofit corporations by public entities; adding a new section to chapter 82.04 RCW; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 82.04 RCW to read as follows:

     In computing tax there may be deducted from the measure of tax amounts received by a nonprofit corporation, organized under chapter 24.03 RCW, as payments or contributions from the state or any county, city, town, municipal corporation, quasi-municipal corporation, or political subdivision of the state for the promotion of conventions, tourism, or economic development.

NEW SECTION. Sec. 2.      This act applies both prospectively and retrospectively.