CERTIFICATION
OF ENROLLMENT
HOUSE
BILL 2515
Chapter
105, Laws of 2000
56th
Legislature
2000
Regular Session
ESTATE TAX PENALTIES
EFFECTIVE
DATE: 7/1/00
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Passed by the House February 10, 2000
Yeas 97 Nays 0
 CLYDE BALLARD
Speaker of the House
of Representatives
 FRANK CHOPP
Speaker of the House of Representatives
Passed by the Senate March 2, 2000
Yeas 45 Nays 0
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CERTIFICATE
We, Timothy A. Martin and Cynthia Zehnder, Co-Chief Clerks of the
House of Representatives of the State of Washington, do hereby certify that
the attached is HOUSE BILL 2515 as passed by the House of
Representatives and the Senate on the dates hereon set forth.
 TIMOTHY A. MARTIN
Chief Clerk
CYNTHIA ZEHNDER
Chief Clerk
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BRAD OWEN
President of the Senate
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Approved March 24, 2000 Place Style On
Codes above, and Style Off Codes below.
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FILED
March 24, 2000 - 2:56 p.m.
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GARY LOCKE
Governor of the State of Washington
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Secretary of State
State of Washington
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_______________________________________________
HOUSE
BILL 2515
_______________________________________________
Passed
Legislature - 2000 Regular Session
State
of Washington 56th Legislature 2000 Regular Session
By
Read
first time 01/14/2000. Referred to Committee on Finance.
Simplifying estate tax penalties.
AN
ACT Relating to simplifying estate tax penalties; amending RCW 83.100.070; and
providing an effective date.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec.
1. RCW
83.100.070 and 1997 c 136 s 1 are each amended to read as follows:
(1)
Any tax due under this chapter which is not paid by the due date under RCW
83.100.060(1) shall bear interest at the rate of twelve percent per annum from
the date the tax is due until the date of payment.
(2)
Interest imposed under this section for periods after January 1, 1997, shall be
computed at the rate as computed under RCW 82.32.050(2). The rate so computed
shall be adjusted on the first day of January of each year.
(3)(a)
If the Washington return is not filed when due under RCW 83.100.050((, then))
and the person required to file the federal return ((shall pay, in
addition to interest, a penalty equal to five percent of the tax due for each
month after the date the return is due until filed. No penalty may exceed twenty-five
percent of the tax due)) voluntarily reports the filing and files both
the state and federal estate tax returns with the department, no penalty is
imposed on the person required to file the federal return.
(b)
If the Washington return is not filed when due under RCW 83.100.050 and the
person required to file the federal return does not file a return with the
department before the department notifies the person in writing that the
department has determined that the person has not filed a state estate tax
return, the person required to file the federal return shall pay, in addition
to interest, a penalty equal to five percent of the tax due for each month
after the date the return is due until filed. However, in no instance may the
penalty exceed the lesser of twenty-five percent of the tax due or one thousand
five hundred dollars.
(c)
If the department finds that a return due under this chapter has not been filed
by the due date, and the delinquency was the result of circumstances beyond the
control of the responsible person, the department shall waive or cancel any
penalties imposed under this chapter with respect to the filing of such a tax
return. The department shall adopt rules for the waiver or cancellation of the
penalties imposed by this section.
NEW
SECTION. Sec. 2. This
act takes effect July 1, 2000.
Passed the House February 10, 2000.
Passed the Senate March 2, 2000.
Approved by the Governor
March 24, 2000.
Filed
in Office of Secretary of State March 24, 2000.