S-1254.1  _______________________________________________

                         SENATE BILL 6044

          _______________________________________________

State of Washington      55th Legislature     1997 Regular Session

By Senators Roach, Deccio, Schow and Johnson

Read first time 03/04/97.  Referred to Committee on Ways & Means.

Redistributing taxes on labor, property, and fuel related to railroads.

    AN ACT Relating to distribution of taxes on labor and property used in relation to railroad property and fuel used in rail transportation; adding a new section to chapter 82.32 RCW; and adding a new chapter to Title 47 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 82.32 RCW to read as follows:

    The department of revenue shall deposit into the rail impact mitigation account, created in section 2 of this act, all moneys received from the imposition of the taxes under chapters 82.08 and 82.12 RCW on:

    (1) The sales of or charge made for labor and service rendered and property purchased or used in respect to the building, repairing, rehabilitating, improving, maintaining, or expanding or rail transportation rights of way, tracks, signals, bridges, tunnels, trestles, or facilities, including switching yards, terminals, and the sites of those facilities; and

    (2) The sales and use of fuel in rail transportation.

NEW SECTION. Sec. 2.  The rail impact mitigation account is created in the state treasury.  All receipts from section 1 of this act must be deposited in the account.  Moneys in the account may be spent only after appropriation.  Expenditures from the account may be used only for mitigating the impact of rail use and expansion.

NEW SECTION. Sec. 3.  Section 2 of this act constitutes a new chapter in Title 47 RCW.

                            --- END ---