2604-S AMS LCF ADAM 002

                                       Offered by Senator Prentice

SHB 2604 - S COMM AMD

    By Committee on Labor, Commerce & Financial Institutions

    On page 6, after line 6, insert the following:

    Sec. 6.  RCW 50.29.010 and 1987 c 213 s 2 are each amended to read as follows:

    As used in this chapter:

    "Computation date" means July 1st of any year;

    "Cut-off date" means September 30th next following the computation date;

    "Qualification date" means April 1st of the ((third)) second year preceding the computation date;

    "Rate year" means the calendar year immediately following the computation date;

    "Payroll" means all wages (as defined for contribution purposes) paid by an employer to individuals in his employment;

    "Qualified employer" means any employer who (1) reported some employment in the twelve-month period beginning with the qualification date, (2) had no period of four or more consecutive calendar quarters for which he or she reported no employment in the two calendar years immediately preceding the computation date, and (3) has submitted by the cut-off date all reports, contributions, interest, and penalties required under this title for the period preceding the computation date.  Unpaid contributions, interest, and penalties may be disregarded for the purposes of this section if they constitute less than either one hundred dollars or one-half of one percent of the employer's total tax reported for the twelve-month period immediately preceding the computation date.  Late reports, contributions, penalties, or interest from employment defined under RCW 50.04.160 may be disregarded for the purposes of this section if showing is made to the satisfaction of the commissioner that an otherwise qualified employer acted in good faith and that forfeiture of qualification for a reduced contribution rate because of such delinquency would be inequitable.

    Renumber the sections consecutively and correct any internal references accordingly.

                                       Offered by Senator Prentice

SHB 2604 - S COMM AMD

    By Committee on Labor, Commerce & Financial Institutions

    On page 1, on line 2 of the title, after "rates;", strike the remainder of the title and insert "amending RCW 50.29.010, RCW 50.29.025 and 50.29.062; creating new sections."

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EFFECT: Changing the definition of "qualification date" in RCW 50.29.010 to mean second year rather than third year.