BILL REQ. #:  S-3367.1 

Read first time 01/16/2004.   Referred to Committee on Economic Development.

     AN ACT Relating to extending the expiration date on the rural county tax deferral program; amending RCW 82.60.040 and 82.60.050; and providing expiration dates.

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

Sec. 1   RCW 82.60.040 and 1999 c 164 s 302 are each amended to read as follows:
     (1) The department shall issue a sales and use tax deferral certificate for state and local sales and use taxes due under chapters 82.08, 82.12, and 82.14 RCW on each eligible investment project that is located in an eligible area as defined in RCW 82.60.020.
     (2) The department shall keep a running total of all deferrals granted under this chapter during each fiscal biennium.
     (3) This section expires July 1, ((2004)) 2009.

Sec. 2   RCW 82.60.050 and 1994 sp.s. c 1 s 7 are each amended to read as follows:
     RCW 82.60.030 and 82.60.040 ((shall)) expire July 1, ((2004)) 2009.