|Passed by the House February 11, 2004|
Speaker of the House of Representatives
Passed by the Senate March 3, 2004
President of the Senate
I, Richard Nafziger, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 2453 as passed by the House of Representatives and the Senate on the dates hereon set forth.
Governor of the State of Washington
Secretary of State
State of Washington
|State of Washington||58th Legislature||2004 Regular Session|
Read first time 01/14/2004. Referred to Committee on Finance.
AN ACT Relating to business and occupation tax for wholesale sales of new motor vehicles; amending RCW 82.04.422; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 82.04.422 and 2001 c 258 s 1 are each amended to read
(1) This chapter does not apply to amounts received by a motor vehicle dealer licensed under chapter 46.70 RCW, or a dealer licensed by any other state, for the wholesale sale of used motor vehicles at auctions to licensed dealers.
(2) This chapter does not apply to amounts derived by a new car dealer from wholesale sales of new motor vehicles ((
of the same make))
to other new car dealers (( where the sales enable the dealers to adjust
their inventory levels as long as the amount paid by the purchasing
dealer does not exceed the amount paid by the selling dealer in the
acquisition of the vehicle, however, the selling dealer may add
reasonable expenses for the preparation of the vehicle for sale or
transfer)) making sales of new motor vehicles of the same make. This
exemption does not apply to amounts derived by a manufacturer,
distributor, or factory branch as defined in chapter 46.70 RCW.
NEW SECTION. Sec. 2 This act 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