S-3429               _______________________________________________

                                                   SENATE BILL NO. 6440

                        _______________________________________________

State of Washington                               51st Legislature                              1990 Regular Session

By Senators von Reichbauer, Rasmussen, Matson, Smitherman, Johnson, Stratton, West, Patrick, Sellar, Bauer, Saling, McCaslin, Metcalf, Bailey, Craswell, Moore, Owen, Williams, Sutherland, McMullen, Conner, Kreidler, Lee, Nelson, Amondson, Gaspard, Hansen, Anderson, Barr, Bluechel, Wojahn, Newhouse, Madsen and Hayner

Read first time 1/12/90 and referred to Committee on  Financial Institutions & Insurance.

AN ACT Relating to the taxation of insurance agents, brokers, and solicitors; and adding a new section to chapter 82.04 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 82.04 RCW to read as follows:

          An insurance agent, insurance broker, or insurance solicitor who (1) is an independent contractor and (2) registers with the department between March 24, 1989, and July 1, 1989, shall not be subject to back taxes, interest, or penalties under this chapter between the date business was first conducted and the date of registration with the department.  Insurance agents, insurance brokers, or insurance solicitors who have been assessed back taxes, interest, or penalties under this chapter prior to June 1, 1989, shall receive a tax credit for the amount assessed.