1995-S AAS 4/10/95 S2911.1

SHB 1995 - S COMM AMD

By Committee on Health & Long-Term Care

                                                   ADOPTED 4/10/95

    Strike everything after the enacting clause and insert the following:

    "Sec. 1.  RCW 48.14.022 and 1987 c 431 s 23 are each amended to read as follows:

    (1) The taxes imposed in RCW 48.14.020 and 48.14.0201 do not apply to premiums and prepayments collected or received for policies of insurance issued under RCW 48.41.010 through 48.41.210.

    (2) In computing tax due under RCW 48.14.020 and 48.14.0201, there may be deducted from taxable premiums and prepayments the amount of any assessment against the taxpayer under RCW 48.41.010 through 48.41.210.  Any portion of the deduction allowed in this section which cannot be deducted in a tax year without reducing taxable premiums below zero may be carried forward and deducted in successive years until the deduction is exhausted.

NEW SECTION. Sec. 2.  This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately."

SHB 1995 - S COMM AMD

By Committee on Health & Long-Term Care

                                                   ADOPTED 4/10/95

    On page 1, line 3 of the title, after "act;" strike the remainder of the title and insert "amending RCW 48.14.022; and declaring an emergency."

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