S-836                 _______________________________________________

                                                   SENATE BILL NO. 5521

                        _______________________________________________

State of Washington                             b 50th Legislature                            1987 Regular Session

By Senators McDermott, McDonald and Kiskaddon

Read first time 2/3/87 and referred to Committee on Ways & Means.

AN ACT Relating to the business and occupation taxation of payments and contributions to nonprofit corporations by public entities; adding a new section to chapter 82.04 RCW; and creating a new section.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 82.04 RCW to read as follows:

          In computing tax there may be deducted from the measure of tax amounts received by a nonprofit corporation organized under chapter 24.03 RCW as payments or contributions from the state or any county, city, town, municipal corporation, quasi-municipal corporation, or political subdivision of the state for the promotion of conventions, tourism, or economic development.

NEW SECTION. Sec. 2.     This act applies both prospectively and retrospectively.