H-0576.2  _______________________________________________

                          HOUSE BILL 1207

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State of Washington      54th Legislature     1995 Regular Session

By Representatives Smith, Campbell, Koster, Buck, Thompson, Blanton, Kremen, Johnson, Stevens, Casada, Hickel, L. Thomas and Chandler

Read first time 01/17/95.  Referred to Committee on Trade & Economic Development.

Providing business and occupation tax relief.

    AN ACT Relating to business and occupation tax relief; adding a new section to chapter 82.04 RCW; repealing RCW 82.04.4451; providing an effective date; and declaring an emergency.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 82.04 RCW to read as follows:

    This chapter shall not apply to the first eighty-three thousand three hundred thirty-three dollars per month of gross income of the business.  The department of revenue shall allow exemptions in those instances in which quarterly, semiannual, or annual returns are permitted.  Exemptions for such periods shall be equivalent in amount to the total of exemptions for each month of a reporting period.  As used in this section, "gross income of the business" includes gross proceeds of sales and value of products.

NEW SECTION. Sec. 2.  RCW 82.04.4451 and 1994 sp.s. c 2 s 1 are each repealed.

NEW SECTION. Sec. 3.  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 July 1, 1995.

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