HB 2112 - DIGEST

     Revises provisions imposing state and local sales and use taxes on selected business services to include additional retail services in the tax requirements.

     Revises provisions for determining the business and occupation tax liability of the seller of a retail service.

     Provides for the levy of a tax or excise for the privilege of receiving the benefit of any retail service.

     Authorizes the governing body of a county or city to fix and impose a sales and use tax on retail services.

     Specifies business and occupation deductions based on threshold amounts.

     Repeals RCW 82.04.300.

     Revises provisions governing Washington estate and transfer taxes.

     Revises penalties for delinquent taxes.

     Establishes review procedures for taxpayer appeals.

     Repeals RCW 83.100.160, 83.100.170, 83.100.180, and 83.100.190.

     Revises provisions for the extension of sales and use tax deferrals and for business and occupation tax credit programs.

     Establishes a two percent tax on prepayments and copayments received by health maintenance organizations and health care service contractors.

     Terminates insurance premiums tax credit for payments to guaranty associations by January 1, 1999.

     Revises provisions regulating resale certificates.

     Increases real estate excise taxes on sales over five hundred thousand dollars.