1139-S AMH HASE H2989.1

SHB 1139  - H AMD303
     By Representative Hasegawa

WITHDRAWN 03/13/2007

     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.

--- END ---