S-1628.1  _______________________________________________

                         SENATE BILL 5828

          _______________________________________________

State of Washington      55th Legislature     1997 Regular Session

By Senators Hale, Snyder, Sheldon and McAuliffe

Read first time 02/14/97.  Referred to Committee on Ways & Means.

Providing business and occupation tax exemptions for wholesale car auctions.

    AN ACT Relating to business and occupation tax exemptions for wholesale transactions involving motor vehicles at auctions; adding a new section to chapter 82.04 RCW; and declaring an emergency.

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 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, 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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