5967-S AMS RINE WILS 11

SSB 5967 - S Amd - 000575

    BySenator Rinehart

                                                    Adopted 4/1/93

    On page 28, line 18, after "chapter" insert the following:

    "; or

(e) Acquisition of all new or used machinery, equipment, or other personal property for use in the production of pulp and paper-related products if the plant was in operation prior to 1960 and is located in a county with a population between forty thousand and seventy thousand as last determined by the office of financial management; or

(f) Modernization projects involving construction, acquisition, or upgrading of equipment or machinery, including services and labor, which are commenced after the effective date of this act and are intended to increase the operating efficiency of existing pulp and paper mills or facilities, if the plant was in operation prior to 1960 and is located in a county with a population between forty thousand and seventy thousand as last determined by the office of financial management"

SSB 5967 - S Amd

    BySenator Rinehart

                                                    Adopted 4/1/93

    On page 29, after line 23, insert the following:

    "Sec. 203.  RCW 82.61.020 and 1987 c 497 s 2 are each amended to read as follows:

    Application for deferral of taxes under this chapter shall be made before initiation of the construction of the investment project or acquisition of equipment or machinery or plant.  Application for deferral of taxes for modernization projects as defined in RCW 82.61.010(4)(d) and (f) shall be made during the calendar year in which construction begins or acquisition of equipment or machinery occurs.  The application shall be made to the department in a form and manner prescribed by the department.  The application shall contain information regarding the location of the investment project, estimated or actual costs, time schedules for completion and operation, and other information required by the department.  The department shall rule on the application within sixty days.  A certificate holder shall initiate construction of the investment project within one hundred eighty days of receiving approval from the department and issuance of the tax deferral certificate.

    "Sec. 204.  RCW 82.61.030 and 1987 c 497 s 3 are each amended to read as follows:

    Except for eligible projects within the definitions in RCW 82.61.010(4) (c) ((or (d))) through (f), a tax deferral certificate shall only be issued to persons who, on June 14, 1985, are not engaged in manufacturing or research and development activities within this state.  For purposes of this section, a person shall not be considered to be engaged in manufacturing or research and development activities where the only activities performed by such person in this state are sales, installation, repair, or promotional activities in respect to products manufactured outside this state.  Any person who has succeeded by merger, consolidation, incorporation or any other form or change of identity to the business of a person engaged in manufacturing or research and development activities in this state on June 14, 1985, and any person who is a subsidiary of a person engaged in manufacturing or research and development activities in this state on June 14, 1985, shall also be ineligible to receive a tax deferral certificate."

SSB 5967 - S Amd

    BySenator Rinehart

                                                    Adopted 4/1/93

    On page 1, line 4 of the title, after "82.61.010," insert "82.61.020, 82.61.030,"

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