2487 AMH WATE BUR 356
HB 2487 - H AMD TO H AMD (H-3790.2/26) 2522
By Representative Waters |
NOT ADOPTED 03/06/2026
On page 3, after line 30 of the striking amendment, insert the following:
"(7) The department must submit a written report to the legislature no later than January 1 of each year that states the value of all business and occupation taxes collected by the department in the previous fiscal year from all insurers and affiliates of insurers."
Renumber the remaining subsections consecutively and correct any internal references accordingly.
On page 3, after line 31 of the striking amendment, insert the following:
"(a) "Affiliate" has the same meaning as in RCW 48.31B.005."
Renumber the remaining subsections consecutively and correct any internal references accordingly.
| EFFECT: Requires the Department of Revenue to provide the Legislature with an annual report stating the value of all business and occupation taxes collected by the Department in the prior fiscal year from all insurers and their affiliates. Defines the term affiliate, as provided in the Insurer Holding Company Act, as an affiliate of, or person affiliated with, a specific person, and includes a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified. |
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