SENATE BILL REPORT

SB 6391

BYSenators Nelson, Talmadge and Newhouse

Correcting internal revenue code references in the estate and transfer tax statutes.

Senate Committee on Law & Justice

Senate Hearing Date(s):January 16, 1990

Majority Report:  Do pass.

      Signed by Senators Nelson, Chairman; McCaslin, Vice Chairman; Hayner, Madsen, Newhouse, Niemi, Patrick, Rasmussen, Rinehart, Talmadge, Thorsness.

Senate Staff:Vicki E. Schur (786-7415)

                  February 8, 1990

AS PASSED SENATE, FEBRUARY 7, 1990

BACKGROUND:

Washington's estate tax and probate statutes contain a number of references to the Internal Revenue Code of 1986, "as it is amended from time to time."  Attempts to adopt future federal regulations are unconstitutional delegations of legislative power.

SUMMARY:

References to the Internal Revenue Code of 1986 are to the regulations in effect on the effective date of this act, rather than to the code as amended from time to time.

Appropriation:    none

Revenue:    none

Fiscal Note:      available

Senate Committee - Testified: Michael Carrico, Washington State Bar Association Estate and Gift Tax Committee