CERTIFICATION OF ENROLLMENT

HOUSE BILL 2364

Chapter 11, Laws of 2006

59th Legislature
2006 Regular Session



USE TAX--CREDIT UNIONS



EFFECTIVE DATE: 6/07/06

Passed by the House February 11, 2006
  Yeas 87   Nays 8

FRANK CHOPP
________________________________________    
Speaker of the House of Representatives


Passed by the Senate February 24, 2006
  Yeas 47   Nays 0


BRAD OWEN
________________________________________    
President of the Senate
 
CERTIFICATE

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
 
FILED
March 7, 2006 - 1:22 p.m.







Secretary of State
State of Washington


_____________________________________________ 

HOUSE BILL 2364
_____________________________________________

Passed Legislature - 2006 Regular Session
State of Washington59th Legislature2006 Regular Session

By Representatives Santos, Orcutt, McIntire, Hunter, Armstrong, Morrell, Roach, Kenney, Fromhold, Ericks and McDermott

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.


         Passed by the House February 11, 2006.
         Passed by the Senate February 24, 2006.
         Approved by the Governor March 7, 2006.
         Filed in Office of Secretary of State March 7, 2006.