H-1087.1  _______________________________________________

                          HOUSE BILL 1450

          _______________________________________________

State of Washington      55th Legislature     1997 Regular Session

By Representatives Thompson, Dunshee, Butler, Pennington, Van Luven, Schoesler, Boldt, Carrell, Mulliken, Morris and Mielke

Read first time 01/27/97.  Referred to Committee on Finance.

Exempting time share resort properties held in trust from B&O and retail sales taxes.

    AN ACT Relating to taxation of time share resort properties held in trust; adding a new section to chapter 82.04 RCW; adding a new section to chapter 82.08 RCW; and adding a new section to chapter 67.28 RCW.

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 does not apply to any person in respect to the business of operating time share resort properties held in trust, the occupancy of which is primarily for the use and benefit of the trust beneficiaries, regardless of the period of continuous occupancy.

NEW SECTION. Sec. 2.  A new section is added to chapter 82.08 RCW to read as follows:

    The tax levied by RCW 82.08.020 does not apply to sales of lodging and related services by time share resort properties held in trust, the occupancy of which is primarily for the use and benefit of the trust beneficiaries, regardless of the period of continuous occupancy.

NEW SECTION. Sec. 3.  A new section is added to chapter 67.28 RCW to read as follows:

    The taxes levied under this chapter do not apply to sales of lodging and related services by time share resort properties held in trust, the occupancy of which is primarily for the use and benefit of the trust beneficiaries, regardless of the period of continuous occupancy.

                            --- END ---