S-3955.1 _______________________________________________
SENATE BILL 6500
_______________________________________________
State of Washington 52nd Legislature 1992 Regular Session
By Senator Erwin
Read first time 02/07/92. Referred to Committee on Ways & Means.
AN ACT Relating to the termination of tax preferences; amending RCW 43.136.060; and adding a new section to chapter 43.136 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 43.136.060 and 1982 1st ex.s. c 35 s 44 are each amended to read as follows:
The
select joint committee established under RCW 43.131.120 shall be responsible
for the development of legislation which provides ((a schedule)) for the
termination of tax preferences in a manner consistent with the terms of this
chapter. The termination of tax preferences shall occur ((over a period of
four years, beginning)) on June 30, ((1984)) 1998. In the
development of this legislation, the select joint committee shall ((identify
tax preferences which might appropriately be scheduled for termination and
arrange for automatic termination of tax preferences, with a reasonable number
of tax preferences to be terminated on June 30, 1984, including appropriate tax
exemptions identified as eligible for termination by the department of revenue
in the study conducted pursuant to section 26(3), chapter 340, Laws of 1981
(uncodified), a reasonable number of tax preferences to be terminated on June
30, 1985, a reasonable number of tax preferences to be terminated on June 30,
1986, and a reasonable number of tax preferences to be terminated on June 30,
1987)) include all tax exemptions contained in the report published in
January 1993 under RCW 43.136.030.
Proposed
legislation, recommendations, and findings shall be submitted to the
legislature as soon as is practicable, but no later than ((the first day the
legislature is in session after January 1, 1983)) February 15, 1993.
NEW SECTION. Sec. 2. A new section is added to chapter 43.136 RCW to read as follows:
The legislation required under RCW 43.136.060 shall be prepared as sunset legislation under chapter 43.131 RCW. If any tax exemption is not terminated or a new exemption is created, the joint select committee established under chapter 43.131 RCW shall prepare sunset legislation, with a six-year review period, regarding that tax exemption for submission to the legislature by February 15th of the year following the date the exemption was extended or created.