HB 1909-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

     Establishes enterprise zones to stimulate the economy and create employment opportunities in areas with high unemployment and poverty.

     Specifies conditions for an area to qualify to become an enterprise zone.

     Declares that the administration of an enterprise zone shall be under the jurisdiction of the designating municipality or county.

     Provides for the disposal of unused structures or vacant land.

     Authorizes a taxpayer making a contribution to an enterprise zone to be granted a deduction against income subject to business and occupation taxes.

     Extends the expiration dates for RCW 82.60.050, 82.61.040, and 82.62.020 to July 1, 2000.