RCW 47.68.250
Effective date- 2021 c 131 s 3: "Section 3 of this act takes effect July 1, 2031." [2021 c 131 s 6.]
Intent-Findings-Tax preference review- 2020 c 304 s s 1-5; 2013 2nd sp.s. c 13 ss 1101-1105: "(1) The legislature intends to promote the economic development of our state's aerospace cluster and increase the tax revenues collected by the state through promoting a competitive marketplace for storing and modifying unfurnished, noncommercial aircraft. The legislature finds that Washington is currently losing these types of jobs to other states, resulting in the loss of high-wage jobs and new tax revenue. Further, the legislature finds that the current tax statutes are an impediment to encouraging the development of aerospace clusters in our state. Therefore, the legislature intends to modify our state's tax policy to encourage aerospace cluster development within the state and increase tax revenues.
(2) The joint legislative audit and review committee, as part of its tax preference review process, must estimate the net impact on state tax revenues by comparing the decrease in state revenues resulting from the changes made in sections 1 through 5, chapter 304, Laws of 2020 and sections 1101 through 1105, chapter 13, Laws of 2013 2nd sp. sess. to the additional tax revenues generated from the direct, indirect, and induced economic impacts from those changes. The committee must conduct its tax preference review of sections 1 through 5, chapter 304, Laws of 2020 and sections 1101 through 1105, chapter 13, Laws of 2013 2nd sp. sess. during calendar years 2016 and 2026 and report its findings and recommendations to the legislature by January 1, 2017, and January 1, 2027." [2020 c 304 s 9; 2013 2nd sp.s. c 13 s 1101.]
Expiration date- 2020 c 304; 2013 2nd sp.s. c 13 ss 1102 and 1105: "Sections 1102 and 1105, chapter 13, Laws of 2013 2nd sp. sess. expire July 1, 2021." [2020 c 304 s 10; 2013 2nd sp.s. c 13 s 1906.]
Expiration date- 2019 c 232 s 23: "Section 23 of this act expires July 1, 2021." [2019 c 232 s 28.]
Expiration date-2017 3rd sp.s. c 25 s 44: "Section 44 of this act expires July 1, 2021." [ 2017 3rd sp.s. c 25 s 45.]
Effective date- 2016 c 20 s 3: "Section 3 of this act takes effect July 1, 2016." [2016 c 20 s 6.]
Expiration date- 2016 c 20 s 3: "Section 3 of this act expires July 1, 2021." [2016 c 20 s 7.]
Findings-Intent- 2016 c 20 : See note following RCW 47.68.240.
Effective date-2013 2nd sp.s. c 13: See note following RCW 82.08.215.
Effective date-2003 c 375: See note following RCW 47.68.240.
Severability-1987 c 220: See note following RCW 47.68.230.
Aircraft dealers: Chapter 14.20 RCW.
Definition of terms: RCW 14.20.010, 47.68.020.