BILL REQ. #: H-4885.1

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SUBSTITUTE HOUSE BILL 2758
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State of Washington

59th Legislature

2006 Regular Session

By House Committee on Finance (originally sponsored by Representatives Ericks, Orcutt, Clibborn, Kessler, Nixon, Sells, McDonald, Williams, P. Sullivan, Roach, McCoy, Woods, Talcott, Haler, Simpson, Sump, Springer, Rodne, Condotta, Serben, Kristiansen, Ahern, Kretz, Linville, Tom, Armstrong and McCune)

READ FIRST TIME 02/03/06.

AN ACT Relating to syrup taxes; 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 the tax imposed under this chapter, a credit is allowed to a retailer of carbonated beverages for taxes imposed under RCW 82.64.020 and paid to a wholesaler or to the department.
     (2) Credit under this section shall be claimed against taxes due under this chapter for the tax reporting period in which the taxes imposed under RCW 82.64.020 are paid by the retailer. The credit shall not exceed the tax otherwise due under this chapter for the tax reporting period. Unused credit may be carried over and used in subsequent tax reporting periods, except that no credit may be claimed more than twelve months from the end of the tax reporting period in which the credit was earned. No refunds shall be granted for credits under this section.
     (3) No credit is available under this section for taxes paid under RCW 82.64.020 before the effective date of this act.
     (4) For the purposes of this section, "carbonated beverage" has the same meaning as provided in RCW 82.64.010.

NEW SECTION. Sec. 2 This act takes effect July 1, 2007.

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