H-1959              _______________________________________________

                                                   HOUSE BILL NO. 1089

                        _______________________________________________

State of Washington                              50th Legislature                              1987 Regular Session

By Representative Rust

Read first time 2/25/87 and referred to Committee on Ways & Means.

AN ACT Relating to business and occupation tax on amounts received for employee benefits; amending RCW  82.04.4297; and declaring an emergency.

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

        Sec. 1.  Section 17, chapter 37, Laws of 1980 and RCW 82.04.4297 are each amended to read as follows:

          In computing tax there may be deducted from the measure of tax amounts received from the United States or any instrumentality thereof or from the state of Washington or any municipal corporation or political subdivision thereof as compensation for, or to support, health or social welfare services rendered by a health or social welfare organization or by a municipal corporation or political subdivision, except amounts received as direct or indirect compensation for employee benefits are not deductible under this section.

NEW SECTION. Sec. 2.     This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect immediately.