5201-S AMS RINE WILS 01

SSB 5201 - S Amd - 190

    BySenator Rinehart

    On page 18, after line 2, strike all of section 14 and insert the following:

    "NEW SECTION. Sec. 14.  The legislative fiscal committees shall report to the legislature by December 1, 1999, on the economic impacts of the manufacturers' tax exemption.  This report shall analyze employment and other relevant economic data from before and after the enactment of the tax exemptions authorized under this act and shall measure the effect on the creation or retention of family wage jobs and diversification of the state's economy.  Analytic techniques may include, but not be limited to, comparisons of Washington to other states that did not enact business tax changes, comparisons across Washington counties based on usage of the tax exemptions, and comparisons across similar firms based on their use of the tax exemptions.  In performing the analysis, the legislative fiscal committees shall consult with business and labor interests.  The department or revenue, the employment security department, and other agencies shall provide to the legislative fiscal committees such data as the legislative fiscal committees may request in performing the analysis required under this section."

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