SHB 1139 -
By Representative Hasegawa
On page 4, line 3, after "(10)" insert "A city may not receive tax
distributions under this section in excess of three million dollars for
the fiscal year. Once this amount has been reached, the tax shall be
suspended for the remainder of the fiscal year. For the twenty percent
distribution under subsection (2) of this section, the total amount of
distributions to both cities is used to determine whether the three
million dollar threshold has been exceeded.
EFFECT: Caps sales and use tax distributions at $3 million per year.