2053-S2 AMH GOOD MITC 064
2SHB 2053 - H AMD 239
By Representative Goodman
ADOPTED 3/9/2007
Strike everything after the enacting clause and insert the following:
"NEW SECTION. Sec. 1. A new section is added to chapter 82.04 RCW to read as follows:
(1) In computing the tax imposed under this chapter, a credit is allowed for the purchase of an alternative power generation device by an eligible person. The credit is equal to the lesser of fifty percent of the cost of the alternative power generation device or fifty thousand dollars.
(2) The amount of the credit provided in subsection (1) of this section may not exceed the tax otherwise due under this chapter for the tax reporting period.
(3) The total amount of credits taken under this section in any biennium may not exceed seven hundred fifty thousand dollars.
(4) The definitions in this subsection apply throughout this section:
(a) "Alternative power generation device" means a device capable of providing electrical power for gasoline service station pumps during periods when regular electrical power is lost including, but not limited to, portable generators, standby generators, emergency generators, or other power generation devices.
(b) "Eligible person" means a person selling motor vehicle or special fuel from a gasoline service station, or other facility, with at least four fuel pumps.
(5) This section expires June 30, 2011.
NEW SECTION. Sec. 2.
This act takes effect August 1, 2007."
Correct the title
EFFECT: Strikes the bill and replaces it with a B&O tax credit for taxpayers purchasing alternative power generation devices.