5659-S2 AMS STRU 029

2SSB 5659 - S AMD TO S AMD (S-2870.4/07) 285

   By    Senator Kilmer

ADOPTED 3/14/2007

   On page 16, after line 32, insert the following:

   "NEW SECTION. Sec. 26. TAX CREDIT. In computing the tax imposed under this chapter, a credit is allowed for businesses employing fifty or fewer persons who hire a worker to replace an employee who has taken family or medical leave under this chapter or chapter 49.78 RCW. The credit is one thousand two hundred dollars for each replacement employee hired. A tax credit claimed under this section may not be carried over to another year."

   Renumber the sections consecutively and correct any internal references accordingly.

--- END ---

EFFECT: Provides a B&O tax credit for small businesses hiring replacement workers for those workers taking family or medical leave.