2912-S.E2 AMS TOM CARL 101

2ESHB 2912 - S AMD TO  S AMD (S-5336.1) 316

By Senator Tom

    On page 13, after line 28, insert the following:

"NEW SECTION. Sec. 1.  A new section is added to chapter 82.04 RCW to read as follows:

    (1) A rate of tax under this chapter equal to ten percent is imposed on the gross income of a professional athlete derived from Washington sources.

    (2) "Professional athlete" means:

    (a) a resident or nonresident athlete who renders labor or services to a professional athletic team that plays ina sports facility financed with ten percent or more public funds; and

    (b) A resident or nonresident athlete who has a gross annual income that is ten times the first-year base salary of a public school teacher in Washington state."

    Renumber the sections consecutively and correct any internal references accordingly.

2ESHB 2912 - S AMD TO  S AMD (S-5336.1) 316

By Senator Tom

    In the title after "36.100.020;" insert "and adding a new section;"

EFFECT:   Applies a 10% B&O tax on professional athletes.

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