6404‑S2 AMS ROSS GORR 053

2SSB 6404 - S AMD ‑ 300

    BySenator Rossi

                                                NOT ADOPTED 3/9/00

    On page 274, after line 2, insert the following:

    "Sec. 918.  RCW 84.52.067 and 1997 ex.s. c 133 s 2 are each amended to read as follows:

(1) Except as provided in subsection (2) of this section, all property taxes levied by the state for the support of common schools shall be paid into the general fund of the state treasury as provided in RCW 84.56.280.

(2) Beginning with taxes collected in 2001, twenty percent of all receipts under this section shall be deposited by the state treasurer in the property tax reduction account hereby created in the state treasury.  Moneys in the account may be spent only after appropriation.  Expenditures from the account may only be used to replace funds lost from legislative reductions in the state property tax.

NEW SECTION. Sec. 919.  If SJR 8212 in enacted by the legislature during any legislative session held in 2000, section 918 of this act is null and void."

    Renumber the sections consecutively and correct any internal references accordingly.

2SSB 6404 - S AMD - 300

    By Senator Rossi

                                                NOT ADOPTED 3/9/00

    On page 1, on line 3 of the title, after "76.12.040", strike "and 41.26.080" and insert "41.26.080, and 84.52.067"

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EFFECT: Dedicates revenues equivalent to the $200 property tax cut to future property tax cuts if SJR 8212 fails to pass