CERTIFICATION OF ENROLLMENT

                   SUBSTITUTE HOUSE BILL 1995

                        54th Legislature

                      1995 Regular Session

Passed by the House April 21, 1995   Yeas 96   Nays 0 Speaker of the        House of Representatives Passed by the Senate April 10, 1995   Yeas 47   Nays 0

CERTIFICATE I, Timothy A. Martin, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is SUBSTITUTE HOUSE BILL 1995 as passed by the House of Representatives and the Senate on the dates hereon set forth.

President of the Senate

Chief Clerk

Approved Place Style On Codes above, and Style Off Codes below.

FILED

Governor of the State of Washington

Secretary of State                        State of Washington

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                            SUBSTITUTE HOUSE BILL 1995

                  _______________________________________________

                             AS AMENDED BY THE SENATE

                     Passed Legislature - 1995 Regular Session

State of Washington              54th Legislature             1995 Regular Session

By House Committee on Health Care (originally sponsored by Representatives Mielke, Morris and Dyer)

Read first time 03/01/95.

Providing an exemption and an offset for insurance premium and prepayment obligations for the high risk pool.

     AN ACT Relating to provision of a tax exemption and offset for premiums and prepayments for policies under the health insurance coverage access act; amending RCW 48.14.022; and declaring an emergency.

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

     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.

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