S-3135.1  _______________________________________________

                         SENATE BILL 6485

          _______________________________________________

State of Washington   57th Legislature        2002 Regular Session

By Senators Costa, Long, Shin, Stevens, Rasmussen and Winsley

Read first time 01/18/2002.  Referred to Committee on Ways & Means.

Providing a tax deduction for certain aircraft component parts.

    AN ACT Relating to excise tax deductions for aircraft component parts used in repair or maintenance; adding a new section to chapter 82.04 RCW; and providing an effective date.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 82.04 RCW to read as follows:

    (1) In computing tax, the purchase price of parts used in the repair and maintenance of commercial aircraft components may be deducted from the measure of the tax by persons taxable under RCW 82.04.250(2), if the parts are purchased from another person.

    (2) For the purposes of this section, "commercial aircraft" means aircraft used exclusively for the transport of passengers or cargo for payment.

NEW SECTION. Sec. 2.  This act takes effect August 1, 2002.

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