H-1876 _______________________________________________
HOUSE BILL NO. 1150
_______________________________________________
State of Washington 50th Legislature 1987 Regular Session
By Representatives Schoon, Sanders, J. Williams, B. Williams and Amondson
Read first time 3/2/87 and referred to Committee on Ways & Means.
AN ACT Relating to retail sales and use taxation of equipment; adding a new section to chapter 82.08 RCW; and adding a new section to chapter 82.12 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. A new section is added to chapter 82.08 RCW to read as follows:
The tax levied by RCW 82.08.020 shall not apply to sales of up to two million dollars of equipment, including manufacturing equipment, molds, tools, and dies, which is purchased by a taxpayer in any three-year period for research and development activities, as defined in RCW 82.61.010. No exemption is allowed under this section without the prior approval of the department. The two-million-dollar exemption under this section shall be reduced by the amount of any exemption taken under section 2 of this act.
The exemption under this section is in addition to any deferral under chapter 82.61 RCW.
The department may adopt rules to implement this section.
NEW SECTION. Sec. 2. A new section is added to chapter 82.12 RCW to read as follows:
The provisions of this chapter shall not apply with respect to the use of up to two million dollars of equipment, including manufacturing equipment, molds, tools, and dies, which is purchased by a taxpayer in any three-year period for research and development activities, as defined in RCW 82.61.010. No exemption is allowed under this section without the prior approval of the department. The two-million-dollar exemption under this section shall be reduced by the amount of any exemption taken under section 1 of this act.
The exemption under this section is in addition to any deferral under chapter 82.61 RCW.