5304-S2 AMS TALM S2460.1

2SSB 5304 - S AMD

By Senators Talmadge and Quigley

    On page 116, beginning on line 1, strike all of section 351 and insert the following:

    "NEW SECTION. Sec. 351.  A new section is added to chapter 82.04 RCW to read as follows:

    (1) On or after July 1, 1997, in computing tax under this chapter, employers with less than twenty-five full-time or part-time employees, or a combination of full and part-time employees, who comply with the requirements of section 350 of this act, may have credited against the amount of tax the following amount:  The portion of the cost of the premium contributions made on behalf of employees and their dependents whose gross family incomes do not exceed limits established for subsidized enrollments in the basic health plan, chapter 70.47 RCW, on the basis of that sum multiplied by the percentage that amount equals in relation to the total premiums due such certified health plans or the basic health plan.

    (2) The average annual tax credit per state resident under this section shall not exceed four hundred dollars in 1997, and may be adjusted periodically by a factor equal to the inflation allowed for the uniform benefit package premium under chapter . . ., Laws of 1993 (this act), and established by the department of revenue in rule.  The department shall establish a schedule of tax credits for employees and their dependents considering the income, family size, and geographic area in which such employees and their dependents reside.

    (3) The department of revenue shall, on an annual basis, advise the Washington health services commission and the fiscal committees of the legislature of the aggregate total of the tax credits allowed under this section.  The legislature shall then reimburse the general fund in an amount equal to such credits by an appropriation from the health services trust account."

    On page 116, line 27, after "through" strike "351" and insert "350"

2SSB 5304 - S AMD

By Senators Talmadge and Quigley

    On page 1, line 17 of the title, after "48.14 RCW;" strike "adding a new section" and insert "adding new sections"

                            --- END ---