S-0673.2                   _______________________________________________

                                                     SENATE BILL 5164

                              _______________________________________________

State of Washington                              53rd Legislature                             1993 Regular Session

By Senators Wojahn and Talmadge

Read first time 01/15/93.  Referred to Committee on Ways & Means.

Exempting nonprofit organizations providing credit services from the business and occupation tax.

          AN ACT Relating to nonprofit organizations providing credit services; 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:

          This chapter does not apply to nonprofit organizations in respect to amounts derived from provision of the following services:

          (1) Presenting individual and community credit education programs including credit and debt counseling;

          (2) Obtaining creditor cooperation allowing a debtor to repay debt in an orderly manner;

          (3) Establishing and administering negotiated repayment programs for debtors; or

          (4) Providing advice or assistance to a debtor with regard to subsection (1), (2), or (3) of this section.

NEW SECTION. Sec. 2.  (1) Nothing in section 1 of this act may be construed to imply that a person exempt from tax under this section was engaged in a business activity taxable under this chapter prior to the introduction or enactment of this act.

          (2) This act shall be applied retroactively.

                                                           --- END ---