BILL REQ. #: S-3876.1
| State of Washington | 63rd Legislature | 2014 Regular Session |
READ FIRST TIME 01/31/14.
AN ACT Relating to providing greater small business assistance by modifying the filing threshold for excise tax purposes; amending RCW 82.32.045; creating a new section; and providing an effective date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 82.32.045 and 2010 1st sp.s. c 23 s 1103 are each
amended to read as follows:
(1) Except as otherwise provided in this chapter, payments of the
taxes imposed under chapters 82.04, 82.08, 82.12, 82.14, and 82.16 RCW,
along with reports and returns on forms prescribed by the department,
are due monthly within twenty-five days after the end of the month in
which the taxable activities occur.
(2) The department of revenue may relieve any taxpayer or class of
taxpayers from the obligation of remitting monthly and may require the
return to cover other longer reporting periods, but in no event may
returns be filed for a period greater than one year. For these
taxpayers, tax payments are due on or before the last day of the month
next succeeding the end of the period covered by the return.
(3) The department of revenue may also require verified annual
returns from any taxpayer, setting forth such additional information as
it may deem necessary to correctly determine tax liability.
(4) Notwithstanding subsections (1) and (2) of this section, the
department may relieve any person of the requirement to file returns
and pay any taxes otherwise due under chapter 82.04 or 82.16 RCW if the
following conditions are met:
(a) The person's value of products, gross proceeds of sales, or
gross income of the business, from all business activities taxable
under chapter 82.04 RCW, is less than((:)) fifty thousand dollars per year;
(i) Twenty-eight thousand dollars per year; or
(ii) Forty-six thousand six hundred sixty-seven dollars per year
for persons generating at least fifty percent of their taxable amount
from activities taxable under RCW 82.04.255, 82.04.290(2)(a), and
82.04.285
(b) The person's gross income of the business from all activities
taxable under chapter 82.16 RCW is less than ((twenty-four)) fifty
thousand dollars per year; and
(c) The person is not required to collect or pay to the department
of revenue any other tax or fee which the department is authorized to
collect.
NEW SECTION. Sec. 2 This act applies prospectively only.
NEW SECTION. Sec. 3 This act takes effect July 1, 2014.