5160-S AMS BRAU S2702.1

SSB 5160 - S AMD 219

NOT ADOPTED 03/07/2019

On page 6, line 39, after "(8)" insert ""Base threshold 1" means thirty thousand dollars as adjusted by inflation beginning with taxes levied for collection in calendar year 2022 and thereafter. Base threshold 1 must be adjusted for inflation beginning with taxes levied for collection in calendar year 2022 and every five years thereafter.

(9) "Base threshold 2" means thirty-five thousand dollars as adjusted by inflation beginning with taxes levied for collection in calendar year 2022 and thereafter. Base threshold 2 must be adjusted for inflation beginning with taxes levied for collection in calendar year 2022 and every five years thereafter.

(10) "Base threshold 3" means forty thousand dollars as adjusted by inflation beginning with taxes levied for collection in calendar year 2022 and thereafter. Base threshold 3 must be adjusted for inflation beginning with taxes levied for collection in calendar year 2022 and every five years thereafter.

(11)"

Renumber the remaining subsections consecutively and correct any internal references accordingly.

On page 7, at the beginning of line 6, strike ""income threshold 1" for the previous year" and insert ""base threshold 1""

On page 7, at the beginning of line 15, strike ""income threshold 2" for the previous year" and insert ""base threshold 2""

On page 7, at the beginning of line 24, strike ""income threshold 3" for the previous year" and insert ""base threshold 3""

On page 7, after line 30, insert the following:

"(12) "Inflation" has the same meaning as provided in RCW 84.55.005."

EFFECT: Requires each base income threshold to be adjusted by inflation beginning with taxes levied for collection in calendar year 2022.