BILL REQ. #:  S-1821.1 

Read first time 02/25/2005.   Referred to Committee on Ways & Means.

     AN ACT Relating to tobacco products taxes; and adding a new section to chapter 82.26 RCW.

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

NEW SECTION.  Sec. 1   A new section is added to chapter 82.26 RCW to read as follows:
     A credit is allowed to a retailer against the taxes imposed under this chapter equal to the amount of taxes paid by the retailer under this chapter on tobacco products that are transferred by the retailer to a consumer outside this state for use outside this state. Credits shall first be applied to tax liability of the retailer under this chapter during the reporting period. Credits in excess of the tax liability under this chapter in a reporting period may be carried forward to future reporting periods for a maximum of one year.