2708-S AMS WM S5858.1

2708-S AAS 3/7/96 S5858.1

SHB 2708 - S COMM AMD

By Committee on Ways & Means

ADOPTED 3/7/96

Strike everything after the enacting clause and insert the following:

"NEW SECTION. Sec. 1. (1) The department of revenue shall perform a study to:

(a) Determine the current and potential impact of warehouse and distribution activity on the Washington economy;

(b) Analyze how the current tax structure affects warehouse and distribution activity;

(d) Identify the effects of tax incentives for warehouse and distribution activity; and

(e) Evaluate the impact of any potential changes in taxation of warehouse and distribution activity on equity among other industries and upon the overall state tax structure.

(2) To perform this study, the department shall form an advisory study committee which may include representation from warehouse and distribution interests, local government, and other interest groups. The advisory committee shall also include, but need not be limited to, two members from the house of representatives and two members from the senate.

(3) The department of revenue shall provide staff for the purpose of the study.

(4) The department of revenue shall present a final report of the findings of the study to the committees of the legislature that deal with revenue matters by December 1, 1996.

(5) The department of revenue shall not perform the study under this section unless matching funds in the amount of forty-five thousand dollars are provided from other public and private sources.

NEW SECTION. Sec. 2. If specific funding in the amount of forty-five thousand dollars for the purposes of this act, referencing this act by bill or chapter number, is not provided by June 30, 1996, in the omnibus appropriations act, this act is null and void."

SHB 2708 - S COMM AMD

By Committee on Ways & Means

ADOPTED 3/7/96

On page 1, line 2 of the title, after "activity;" strike the remainder of the title and insert "and creating new sections."