H-3053              _______________________________________________

                                                   HOUSE BILL NO. 1374

                        _______________________________________________

                                                                            C 251 L 86

State of Washington                              49th Legislature                              1986 Regular Session

By Representative Appelwick

Prefiled with Chief Clerk 1/10/86.  Read first time 1/13/86 and referred to Committee on Ways & Means.

AN ACT Relating to nonlessee interests in improvements on leased public property; and amending RCW 82.29A.160.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

        Sec. 1.  Section 18, chapter 61, Laws of 1975-'76 2nd ex. sess. and RCW 82.29A.160 are each amended to read as follows:

          Notwithstanding any other provision of this chapter, RCW 84.36.451 and 84.40.175, improvements owned or being acquired by contract purchase or otherwise by any lessee or sublessee which are not defined as contract rent shall be taxable to such lessee or sublessee under Title 84 RCW at their full true and fair value without any deduction for interests held by the lessor or others.

                                                                                                                      Passed the House February 13, 1986.

                                                                                                                                         Speaker of the House.

                                                                                                                           Passed the Senate March 7, 1986.

                                                                                                                                       President of the Senate.