BILL REQ. #:  S-0620.1 

Read first time 01/21/2005.   Referred to Committee on Ways & Means.

     AN ACT Relating to the business and occupation taxation of the restoration, reproduction, and sale of airplanes of historical significance; adding a new section to chapter 82.04 RCW; and declaring an emergency.

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) This chapter does not apply to the value proceeding or accruing to a manufacturer from the reproduction of an airplane of historical significance capable of flight to be sold at retail or to the gross proceeds of sales by the manufacturer of the reproduced airplane of historical significance capable of flight.
     (2) For purposes of this section, the following definitions apply:
     (a) "Airplane" means an engine-driven fixed-wing aircraft that is supported in flight by the dynamic reaction of air against its wings.
     (b) "Airplane of historical significance" means an airplane which is at least fifty years old of a type or model of which there are fewer than ten in number known to exist worldwide.
     (c) "Reproduction" means to make a copy of an existing object.

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 immediately.