CERTIFICATION OF ENROLLMENT

                        HOUSE BILL 1959

                    Chapter 4, Laws of 1997

                        55th Legislature

                      1997 Regular Session

WHOLESALE TRANSACTIONS INVOLVING MOTOR VEHICLES AT AUCTIONS--BUSINESS AND OCCUPATION TAX EXEMPTIONS

                    EFFECTIVE DATE:  3/18/97

Passed by the House February 14, 1997 Yeas 98   Nays 0              CLYDE BALLARD Speaker of the       House of Representatives Passed by the Senate March 12, 1997 Yeas 46   Nays 0

CERTIFICATE I, Timothy A. Martin, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1959 as passed by the House of Representatives and the Senate on the dates hereon set forth.

BRAD OWEN President of the Senate

TIMOTHY A. MARTIN                           Chief Clerk

Approved March 18, 1997 Place Style On Codes above, and Style Off Codes below.

FILED                      March 18, 1997 - 4:35 p.m.

GARY LOCKE Governor of the State of Washington

Secretary of State                   State of Washington

          _______________________________________________

                          HOUSE BILL 1959

          _______________________________________________

             Passed Legislature - 1997 Regular Session

State of Washington      55th Legislature     1997 Regular Session

By Representatives Robertson, Grant, Mulliken, Cairnes, Mastin, Ogden, Keiser, Dunn and Cooke

Read first time 2/14/97.

Providing business and occupation tax exemptions for wholesale car auctions.   

    AN ACT Relating to business and occupation tax exemptions for wholesale transactions involving motor vehicles at auctions; adding a new section to chapter 82.04 RCW; and declaring an emergency.

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:

    This chapter does not apply to amounts received by a motor vehicle manufacturer, as defined in RCW 19.118.021, or by a financing subsidiary of such motor vehicle manufacturer which subsidiary is at least fifty percent owned by the manufacturer, from the sale of motor vehicles at wholesale auctions to dealers licensed under chapter 46.70 RCW or dealers licensed by any other state.

NEW SECTION. Sec. 2.  This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately.

    Passed the House February 14, 1997.

    Passed the Senate March 12, 1997.

Approved by the Governor March 18, 1997.

    Filed in Office of Secretary of State March 18, 1997.