1024-S2 AMH DICK H2438.1

2SHB 1024 - H AMD 128 FAILED 3/8/95

By Representative Dickerson

    On page 19, line 12, strike all of section 16 and insert the following:

    "NEW SECTION. Sec. 16.  The department of revenue, in consultation with an advisory committee composed of two business and two labor members, shall perform an assessment of the results of the tax exemption authorized under this act and deliver a report to the governor and the legislature by December 15, 1997.  Similar reports will be delivered to the governor and the legislature on the 15th day of the month preceding the beginning of each biennial legislative session.  The assessment shall measure the effect of the exemption on the creation or retention of family wage jobs, diversification of the state's economy, and other factors the advisory committee may select.  As used in this section, "family wage jobs" means those with wages of at least twenty-four thousand dollars per year plus health care and pension benefits."

EFFECT:  Changes the DOR study by including a business and labor advisory committee, providing an earlier due date, requiring biennial study reports, and adding creation or retention of family wage jobs to the list of items to be studied.

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