H-2369.1  _______________________________________________

                          HOUSE BILL 2234

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State of Washington      55th Legislature     1997 Regular Session

By Representative B. Thomas

Read first time 03/03/97.  Referred to Committee on Finance.

Limiting excise taxation of electrical utilities by cities and towns.

    AN ACT Relating to excise taxes imposed on electric utilities by cities and towns; and creating a new section.

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

NEW SECTION. Sec. 1.  No city or town may make an assessment or correction of an assessment for additional taxes, penalties, or interest due for the privilege of conducting an electrical energy business in the city or town more than four years after the close of the tax year, except (1) upon a showing of fraud or of misrepresentation of a material fact by the taxpayer, or (2) if a taxpayer has executed a written waiver of such limitation.

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