BILL REQ. #:  S-1289.1 

Read first time 02/18/13.   Referred to Committee on Ways & Means.

     AN ACT Relating to repealing an obsolete provision for a credit against property taxes paid on timber on public land; creating a new section; and repealing RCW 84.33.077.

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

NEW SECTION.  Sec. 1   The legislature intends to repeal an unused and obsolete tax credit provision relating to property taxes paid on timber on public lands. The legislature finds that repealing this unused and obsolete crediting provision will clean up the statutes and reduce taxpayer confusion. The current statute provides a credit for property taxes paid on privately owned timber standing on public land; however, since 2005, privately owned timber standing on public land has been exempt from the property tax. Therefore, because no new tax credits could have been earned under RCW 84.33.077 since 2005, the legislature finds that the statute is obsolete and should be repealed.

NEW SECTION.  Sec. 2   RCW 84.33.077 (Credit for property taxes paid on timber on public land) and 1984 c 204 s 21 & 1983 1st ex.s. c 62 s 8 are each repealed.