| Passed by the House February 11, 2006 Yeas 87 FRANK CHOPP ________________________________________ Speaker of the House of Representatives Passed by the Senate February 24, 2006 Yeas 47 BRAD OWEN ________________________________________ President of the Senate | I, Richard Nafziger, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 2364 as passed by the House of Representatives and the Senate on the dates hereon set forth. RICHARD NAFZIGER ________________________________________ Chief Clerk | |
| Approved March 7, 2006. CHRISTINE GREGOIRE ________________________________________ Governor of the State of Washington | March 7, 2006 - 1:22 p.m. Secretary of State State of Washington |
| State of Washington | 59th Legislature | 2006 Regular Session |
Prefiled 12/22/2005. Read first time 01/09/2006. Referred to Committee on Financial Institutions & Insurance.
AN ACT Relating to use tax owed by converting or merging credit unions when converting or merging a federal, foreign, or out-of-state credit union into a state charter; and adding a new section to chapter 82.12 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1 A new section is added to chapter 82.12 RCW
to read as follows:
(1) This chapter does not apply to state credit unions with respect
to the use of any article of tangible personal property, service
defined as a retail sale in RCW 82.04.050 (2)(a) or (3)(a), or extended
warranty, acquired from a federal credit union, foreign credit union,
or out-of-state credit union as a result of a merger or conversion.
(2) For purposes of this section, the following definitions apply:
(a) "Federal credit union" means a credit union organized and
operating under the laws of the United States.
(b) "Foreign credit union" means a credit union organized and
operating under the laws of another country or other foreign
jurisdiction.
(c) "Out-of-state credit union" means a credit union organized and
operating under the laws of another state or United States territory or
possession.
(d) "State credit union" means a credit union organized and
operating under the laws of this state.