6404-S AMS ROSS GORR 026

SSB 6404 - S AMD - 242

    By Senator Rossi

                          NOT ADOPTED 3/5/00; ROLL CALL VOTE 22-26

    On page 225, after line 12, insert the following:

    "Sec. 915.  RCW 84.52.067 and 1967 ex.s. c 133 s 2 are each amended to read as follows:

(1) Except as provided in subsection (2) of this section, all property taxes levied by the state for the support of common schools shall be paid into the general fund of the state treasury as provided in RCW 84.56.280.

(2) Beginning with taxes collected in 2001, twenty percent of all receipts under this section shall be deposited by the state treasurer in the property tax reduction account hereby created in the state treasury.  Moneys in the account may be spent only after appropriation.  Expenditures from the account may only be used to replace funds lost from across the board legislative reductions in the state property tax.

NEW SECTION. Sec. 916.  If SJR 8212 is enacted by the legislature during any legislative session held in 2000, section 915 of this act is null and void."

    Renumber the sections consecutively and correct any internal references accordingly.

SSB 6404 - S AMD - 242

    By Senator Rossi

                          NOT ADOPTED 3/5/00; ROLL CALL VOTE 22-26

    On page 1, on line 2 of the title, after "76.12.040", strike "and 76.12.110" and insert "76.12.110, and 84.52.067"

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EFFECT: Dedicates revenues equivalent to the $200 property tax cut to future across the board property tax cuts if SJR 8212 fails to pass.