2628-S AMH .... H4293.1 Scoped 2-11-02

SHB 2628 - H AMD

By Representative

    On page 1, line 10, strike all of section 2 and insert the following:

    "NEW SECTION. Sec. 2.  A new section is added to chapter 82.04 RCW to read as follows:

    (1) In computing the tax imposed under this chapter, a taxpayer may claim a credit for fifty percent of the amount of the taxes imposed under RCW 82.64.020 and paid to a wholesaler or to the department.  Credits shall not exceed the amount of tax paid by the taxpayer under this chapter during the reporting period.  Credits in excess of tax paid under this chapter in a reporting period may be carried forward to future reporting periods for a maximum of one year.

    (2) For the purposes of this section, "taxpayer" does not include a wholesaler with respect to tax collected by the wholesaler and paid to the department under RCW 82.64.050.

NEW SECTION. Sec. 3.  (1) Section 1 of this act takes effect January 1, 2003.

    (2) Section 2 of this act takes effect July 1, 2003."

    Correct the title.

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