H-3630.1  _______________________________________________

                          HOUSE BILL 2405

          _______________________________________________

State of Washington      55th Legislature     1998 Regular Session

By Representatives Mulliken, Zellinsky, Robertson, D. Sommers and Boldt

Read first time 01/13/98.  Referred to Committee on Finance.

Granting business and occupation tax exemptions for wholesale transactions involving motor vehicles at auctions.

    AN ACT Relating to business and occupation tax exemptions for wholesale transactions involving motor vehicles at auction; amending RCW 82.04.317; and declaring an emergency.

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

    Sec. 1.  RCW 82.04.317 and 1997 c 4 s 1 are each amended to read as follows:

    This chapter does not apply to amounts received by a motor vehicle manufacturer, as defined in RCW 19.118.021, or by a financing subsidiary of such motor vehicle manufacturer which subsidiary is at least fifty percent owned by the manufacturer((,)); an independent motor vehicle leasing company not otherwise doing business in the state; or motor vehicle dealers licensed by and located in any other state from the sale of motor vehicles at wholesale auctions to dealers licensed under chapter 46.70 RCW or dealers licensed by any other state.

NEW SECTION. Sec. 2.  This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately.

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