2335 AMS HAUG WILS 001

2335 AMS HAUG WILS 001

HB 2335 - S AMD - 1028

By Senator Haugen

PULLED 3/12/98

On page 7, after line 3, insert the following:

"NEW SECTION. Sec. 7. A new section is added to chapter 82.04 RCW to read as follows:

(1) Notwithstanding RCW 82.04.220 through 82.04.290, upon every person engaging in business within this state and whose principal place of business is within a distressed county, the amount of tax with respect to such business shall be equal to the value of the gross income of the business multiplied by the rate 0.138 percent.

(2) For purposes of this section, "distressed county" means any county in which the average level of unemployment for the previous three years exceeds the average state unemployment for those years by twenty percent.

Sec. 8. RCW 82.04.290 and 1997 c 7 s 2 are each amended to read as follows:

(1) Upon every person engaging within this state in the business of providing international investment management services, as to such persons, the amount of tax with respect to such business shall be equal to the gross income or gross proceeds of sales of the business multiplied by a rate of 0.275 percent.

(2) Upon every person engaging within this state in any business activity other than or in addition to those enumerated in RCW 82.04.230, 82.04.240, 82.04.250, 82.04.255, 82.04.260, 82.04.270, ((~~and~~)) 82.04.280, and section 7 of this act, and subsection (1) of this section; as to such persons the amount of tax on account of such activities shall be equal to the gross income of the business multiplied by the rate of 1.5 percent.

This section includes, among others, and without limiting the scope hereof (whether or not title to materials used in the performance of such business passes to another by accession, confusion or other than by outright sale), persons engaged in the business of rendering any type of service which does not constitute a "sale at retail" or a "sale at wholesale." The value of advertising, demonstration, and promotional supplies and materials furnished to an agent by his principal or supplier to be used for informational, educational and promotional purposes shall not be considered a part of the agent's remuneration or commission and shall not be subject to taxation under this section."

Renumber the sections consecutively and correct any internal references accordingly.

HB 2335 - S AMD - 1028

By Senator Haugen

PULLED 3/12/98

On page 1, on line 3 of the title, strike "and 82.04.440; adding a new section to chapter 82.04 RCW" and insert "82.04.290, and 82.04.440; adding new sections to chapter 82.04 RCW"