SSB 5424 - H AMDS 652

By Representative B. Thomas

On page 1, line 7, after "a" insert "new"

On page 2, after line 29, insert:

"(d) "New business" means a business that obtained or was required to obtain a registration certificate under RCW 82.32.030 for the first time during the thirty-six months immediately preceding the date on which credit is first claimed under this section.

(e) "New business" does not include:

(i) A business that has been restructured, reorganized, or transferred, unless the majority of the activities to be conducted after restructuring, reorganization, or transferral are significantly different from the activities previously conducted;

(ii) A new branch location or other facility except by an existing out-of-state entity first doing business in this state;

(iii) A business that is substantially similar to a business currently operated, or operated within the past five years, by the same principals.

The department may require a new business to certify its status as part of its master business application, or with the first tax return claiming credit under this section."

On page 2, line 34, after "a" insert "new"

On page 3, after line 25, insert:

"(d)"New business" means a business that obtained or was required to obtain a certificate of authority under this Title for the first time during the thirty-six months immediately preceding the date on which credit is first claimed under this section.

(e) "New business" does not include:

(ii) A new branch location or other facility except by an existing out-of-state entity first doing business in this state;

(iii) A business that is substantially similar to a business currently operated, or operated within the past five years, by the same principals.

The commissioner may require a new business to certify its status as part of its application for a certificate of authority under this Title, or with the first tax return claiming credit under this section."