SENATE BILL REPORT
SB 5223
BYSenators Tanner, Zimmerman, Bauer, Saling, Stratton, Barr and Johnson
Authorizing excise tax deferrals on machinery, equipment, and other personal property used in the production or casting of aluminum.
Senate Committee on Ways & Means
Senate Hearing Date(s):February 5, 1987
Senate Staff:Stephen Rose (786-7443)
AS OF FEBRUARY 4, 1987
BACKGROUND:
In 1985, the Legislature permitted sales tax deferrals on machinery, equipment, and other personal property for persons and companies not currently engaged in manufacturing or research and development activities within the state (Chapter 2, Laws of 1985 ex. sess., RCW 82.61).
The United States aluminum industry, in particular in the northwest, has faced declining prices and increasing costs.
SUMMARY:
A sales tax deferral is granted to out-of-state purchasers of all new or used machinery, equipment, or other personal property used in the production or casting of aluminum, including the aluminum smelter plant and all related facilities which plant was in operation prior to 1975 and has ceased operations or is in imminent danger of ceasing operations for economic reasons.
Fiscal Note: available