6470‑S AMS HARG WILS 001

SSB 6470 - S AMD ‑ 1031

    BySenators Hargrove and West

    On page 10, after line 22, insert the following:

    "NEW SECTION. Sec. 8.  A new section is added to chapter 82.04 RCW to read as follows:

    (1) A credit is authorized against the tax otherwise due under this chapter for persons engaged in the business of the creation, distribution, wholesaling, or warehousing of canned or custom software in accordance with the terms of this section.

    (2) To qualify for the credit, the principal place of business of the person must be located in a distressed county.

    (3) For taxes payable on income received in the first thirty-six months in which the person is engaged in business in the distressed county, the amount of the credit shall be equal to one hundred percent of the amount of tax otherwise due under this chapter.  For taxes payable on income received after the first thirty-six months in which the person is engaged in business in the distressed county, the amount of the credit shall equal ninety percent of the amount of tax otherwise due under this chapter for persons engaged in the business of the creation or distribution of canned or custom software and in the amount of seventy percent of the amount of tax otherwise due under this chapter for persons engaged in the business of the wholesaling or warehousing of canned or custom software.

    (4) This section does not apply to the retail distribution or sale of canned or custom software.

    (5) As used in 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."

    Renumber the sections consecutively and correct any internal references accordingly.

                            --- END ---