2658-S AMH GOMB H4425.1

SHB 2658 - H AMD 0212 Adopted 2-19-02

By Representative Gombosky

    On page 3, beginning on line 3, strike all of subsection (2)(b) and insert the following:

    "(b) A uniform, minimum small business tax threshold of at least the equivalent of twenty thousand dollars in gross income.  A city may elect to deviate from this requirement by creating a higher threshold or exemption but it shall not deviate lower than the level required in this subsection.  A city with a small business tax exemption or threshold in excess of that provided in this subsection prior to January 1, 2002, shall retain its current threshold;"

    On page 4, beginning on line 27, strike all of section 5

    Renumber the remaining sections consecutively and correct any internal references accordingly.

EFFECT:  Sets a minimum small business threshold and allows cities to set higher thresholds.

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