BILL REQ. #: H-1474.2
| State of Washington | 60th Legislature | 2007 Regular Session |
Read first time 02/02/2007. Referred to Committee on Finance.
AN ACT Relating to excise taxation of electronically delivered financial information; amending RCW 82.04.120; adding a new section to chapter 82.08 RCW; adding a new section to chapter 82.12 RCW; and providing an effective date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1 A new section is added to chapter 82.08 RCW
to read as follows:
(1) The tax levied by RCW 82.08.020 shall not apply to sales of
electronically delivered standard financial information.
(2) "Standard financial information" means any collection of
financial data or facts, not generated or compiled for a specific
customer including, but not limited to, financial market data, bond
ratings, credit ratings, and deposit, loan, or mortgage reports. It
does not include reports furnished as part of a service described in
RCW 82.04.050(3).
NEW SECTION. Sec. 2 A new section is added to chapter 82.12 RCW
to read as follows:
The provisions of this chapter shall not apply with respect to the
use of electronically delivered standard financial information as
defined in section 1 of this act.
Sec. 3 RCW 82.04.120 and 2003 c 168 s 604 are each amended to
read as follows:
(1) "To manufacture" embraces all activities of a commercial or
industrial nature wherein labor or skill is applied, by hand or
machinery, to materials so that as a result thereof a new, different or
useful substance or article of tangible personal property is produced
for sale or commercial or industrial use, and shall include: (((1)))
(a) The production or fabrication of special made or custom made
articles; (((2))) (b) the production or fabrication of dental
appliances, devices, restorations, substitutes, or other dental
laboratory products by a dental laboratory or dental technician;
(((3))) (c) cutting, delimbing, and measuring of felled, cut, or taken
trees; and (((4))) (d) crushing and/or blending of rock, sand, stone,
gravel, or ore.
(2) "To manufacture" shall not include: Conditioning of seed for
use in planting; cubing hay or alfalfa; activities which consist of
cutting, grading, or ice glazing seafood which has been cooked, frozen,
or canned outside this state; the growing, harvesting, or producing of
agricultural products; packing of agricultural products, including
sorting, washing, rinsing, grading, waxing, treating with fungicide,
packaging, chilling, or placing in controlled atmospheric storage; or
the production of any item, including computer software, if the
((computer software)) item is delivered from the seller to the
purchaser by means other than tangible storage media, including the
delivery by use of a tangible storage media where the tangible storage
media is not physically transferred to the purchaser.
NEW SECTION. Sec. 4 This act takes effect August 1, 2007.