2658-S AMH  LONG 30

SHB 2658 - H AMD 0251 Adopted 2-19-02

By Representative ___

     On page 11, beginning on line 1, after "(1)" strike everything through "incident." on line 5 and insert "A city, code city, or town shall not impose a tax measured by "gross proceeds of sales," "gross income of the business," or "value proceeding or accruing," as those terms are used in chapter 82.04 RCW, upon any intellectual property creating activity as a taxable incident, unless the city, code city, or town imposed such a tax on January 1, 2002.  Effective January 1, 2004, all cities, code cities, and towns are prohibited from imposing a tax measured by "gross proceeds of sales," "gross income of the business," or "value proceeding or accruing," as those terms are used in chapter 82.04 RCW, upon any intellectual property creating activity as a taxable incident."

     On page 11, line 25, strike "takes effect July 1, 2003." and insert "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."

EFFECT:  Cities are prohibited from imposing taxes on intellectual property creating activities unless they had such a tax in place on January 1, 2002.  All ities are prohibited from imposing taxes on intellectual property creating activities effective January 1, 2004.