6492-S AMS PEDE S5892.1
SSB 6492 - S AMD TO S AMD (S-5824.3/20) 920
By Senator Pedersen
ADOPTED 01/29/2020
On page 17, beginning on line 9, after "business." strike all material through "business." on line 12 and insert "A person that is primarily engaged in business as a "financial institution" as defined in RCW 82.04.29004, as that section existed on January 1, 2020, shall not be considered a select advanced computing business. For purposes of this subsection (1)(f)(vi), "primarily" is determined based on gross income of the business."
EFFECT: Makes technical changes to language exempting financial institutions from the advanced computing surcharge.
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