2347-S AMH MORE PETE 016

SHB 2347 - H AMD

By Representative Morrell

On page 2, line 11, after "2005." strike the material through "collected." on line 14 and insert: "The tax imposed in this section expires on the earlier of: (a) the date when the bonds issued for the construction of the cultural center and related parking facilities are retired, (b) twenty years after the tax is first collected, or (c) the date when the cumulative total of taxes collected has exceeded eighteen million dollars."

EFFECT: Caps the tax for the cultural center at a total of $18 million and reduces the number of years the tax may be imposed from twenty-five years to twenty years.