CERTIFICATION OF ENROLLMENT

 

                        HOUSE BILL 2303

 

 

                    Chapter 5, Laws of 1999

 

 

                        56th Legislature

                    1999 1st Special Session

 

 

TIMBER TAX CREDIT--EFFECTIVE DATE

 

 

 

                    EFFECTIVE DATE:  8/18/99

Passed by the House May 18, 1999

  Yeas 96   Nays 1

 

 

             CLYDE BALLARD

Speaker of the House of Representatives

     

 

 

              FRANK CHOPP

Speaker of the House of Representatives

 

 

 

Passed by the Senate May 18, 1999

  Yeas 43   Nays 0

             CERTIFICATE

 

We, Dean R. Foster and Timothy A. Martin, Co-Chief Clerks of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 2303  as passed by the House of Representatives and the Senate on the dates hereon set forth.

 

 

 

           DEAN R. FOSTER

                          Chief Clerk

 

 

          TIMOTHY A. MARTIN

                          Chief Clerk

          R. LORRAINE WOJAHN

President of the Senate

 

 

 

Approved June 7, 1999 Place Style On Codes above, and Style Off Codes below.          

                                FILED                

 

             June 7, 1999 - 1:39 p.m.

 

              GARY LOCKE

Governor of the State of Washington

                 Secretary of State

                 State of Washington


H-3043.1  _______________________________________________

 

                          HOUSE BILL 2303

          _______________________________________________

 

              Passed Legislature - 1999 First Special

 

State of Washington      56th Legislature  1999 1st Special Session

 

By Representatives Regala and Buck

 

Read first time .  Referred to Committee on .

Establishing an effective date for the 1999 timber tax credit.  


    AN ACT Relating to the effective date of the timber tax credit enacted during 1999; and amending RCW 84.33.--- (1999 sp.s. c ... (ESHB 2091) s 401).

 

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

 

    Sec. 1.  RCW 84.33.--- and 1999 c ... (ESHB 2091) s 401 are each amended to read as follows:

    (1) A taxpayer is allowed a credit against the tax imposed under RCW 84.33.041 for timber harvested on and after January 1, 2000, under a forest practices notification filed or application approved under RCW 76.09.050 and subject to enhanced aquatic resources requirements.

    (2)(a) For a person other than a small harvester who elects to calculate tax under RCW 84.33.074, the credit is equal to the stumpage value of timber harvested for sale or for commercial or industrial use multiplied by eight-tenths of one percent.

    (b) For a small harvester who elects to calculate tax under RCW 84.33.074, the credit is equal to sixteen percent of the tax imposed under this chapter.

    (c) The amount of credit claimed by a taxpayer under this section shall be reduced by the amount of any compensation received from the federal government for reduced timber harvest due to enhanced aquatic resource requirements.  If the amount of compensation from the federal government exceeds the amount of credit available to a taxpayer in any reporting period, the excess shall be carried forward and applied against credits in future reporting periods.  This subsection does not apply to small harvesters as defined in RCW 84.33.073.

    (d) Refunds may not be given in place of credits.  Credit may not be claimed in excess of tax owed.  The department of revenue shall disallow any credits, used or unused, upon written notification from the department of natural resources of a final decision that timber for which credit was claimed was not harvested under a forest practices notification filed or application approved under RCW 76.09.050 and subject to enhanced aquatic resources requirements.

    (3) As used in this section, a forest practice notification or application is subject to enhanced aquatic resource requirements if it includes, in whole or in part, riparian area, wetland, or steep or unstable slope from which the operator is limited, by rule adopted under sections 201 through 204 ((of this act)), chapter . . . (Engrossed Substitute House Bill No. 2091), Laws of 1999 sp. sess. or any federally approved habitat conservation plan or department of natural resources approved watershed analysis, from harvesting timber, or if a road is included within or adjacent to the area covered by such notification or application and the road is covered by a road maintenance plan approved by the department of natural resources under rules adopted under chapter 76.09 RCW, the forest practices act, or a federally approved habitat conservation plan.

    (4) For forest practices notification or applications submitted after January 1, 2000, the department of natural resources shall indicate whether the notification or application is subject to enhanced aquatic resource requirements and, unless notified of a contrary determination by the forest practices appeals board, the department of revenue shall use such indication in determining the credit to be allowed against the tax assessed under RCW 84.33.041.  The department of natural resources shall develop revisions to the form of the forest practices notifications and applications to provide a space for the applicant to indicate and the department of natural resources to confirm or not confirm, whether the notification or application is subject to enhanced aquatic resource requirements.  For forest practices notifications or applications submitted before January 1, 2000, the applicant may submit the approved notification or application to the department of natural resources for confirmation that the notification or application is subject to enhanced aquatic resource requirements.  Upon any such submission, the department of natural resources will within thirty days confirm or deny that the notification or application is subject to enhanced aquatic resource requirements and will forward separate evidence of each confirmation to the department of revenue.  Unless notified of a contrary ruling by the forest practices appeals board, the department of revenue shall use the separate confirmations in determining the credit to be allowed against the tax assessed under RCW 84.33.041.

    (5) A refusal by the department of natural resources to confirm that a notification or application is subject to enhanced aquatic resources requirements may be appealed to the forest practices appeals board under RCW 76.09.220.

    (6) A person receiving approval of credit must keep records necessary for the department of revenue to verify eligibility under this section.


    Passed the House May 18, 1999.

    Passed the Senate May 18, 1999.

Approved by the Governor June 7, 1999.

    Filed in Office of Secretary of State June 7, 1999.