HB 2043 - DIGEST

     Declares that, for purposes of this act, "regulatory requirements" means:  (1) Reporting requirements imposed by statute or a state agency;

     (2) Inspections performed by a state agency;

     (3) Technical assistance visits performed by a state agency under chapter 43.05 RCW; and

     (4) Actions a state agency requires a taxpayer to take in order to avoid a civil penalty after an inspection or a technical assistance visit.

     Provides that credits may not exceed the greater of two thousand dollars or five percent of the amount of tax that would otherwise be due under chapter 82.04 RCW for a reporting period.