BILL REQ. #:  S-1840.1 

Read first time 02/26/2003.   Referred to Committee on Economic Development.

     AN ACT Relating to including international companies investing in Washington in the definition of "person" for the purposes of excise tax incentives; amending RCW 82.04.030; and creating a new section.

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

NEW SECTION.  Sec. 1   The legislature finds that many international companies with an interest in operating in Washington are not aware of the various tax incentives that are available. It is the intent of the legislature to clarify that persons eligible for business and occupation tax credits and sales and use tax deferrals and exemptions include international companies investing in Washington. It is the further intent of the legislature that the department of community, trade, and economic development and associate development organizations make clear to international companies that they are eligible for the state's various tax incentives.

Sec. 2   RCW 82.04.030 and 1995 c 318 s 1 are each amended to read as follows:
     "Person" or "company", herein used interchangeably, means any individual, receiver, administrator, executor, assignee, trustee in bankruptcy, trust, estate, firm, copartnership, joint venture, club, company, international company investing in Washington, joint stock company, business trust, municipal corporation, political subdivision of the state of Washington, corporation, limited liability company, association, society, or any group of individuals acting as a unit, whether mutual, cooperative, fraternal, nonprofit, or otherwise and the United States or any instrumentality thereof.