SB 6395-S - DIGEST

(AS OF SENATE 2ND READING 2/18/92)

      Extends the business and occupation taxes to broker-dealers, salespersons, investment advisers, and investment adviser salespersons licensed under chapter 21.20 RCW.

      Establishes the amount of the tax with respect to licensed activities at one and one-half percent multiplied by the gross income of the business.

      Provides for a reduction of the measure of tax on commissions when a portion of the commission is paid to another person pursuant to an agreement.