6492-S.E AMH DEBO H4612.1
ESSB 6492 - H AMD 2222
By Representative DeBolt
Beginning on page 1, line 6, strike all of sections 1 through 3
Renumber the remaining sections consecutively, correct any internal references accordingly, and correct the title.
On page 15, line 30, after "of" strike "1.22" and insert "five"
On page 15, at the beginning of line 31, strike all material through "(c)" on line 36 and insert the following:
"(b) ((In no case will the combined surcharge imposed under this subsection (4) paid by all members of an affiliated group be less than four million dollars or more than seven million dollars annually.
(c)))"
Reletter the remaining subsections consecutively and correct any internal references accordingly.
On page 18, beginning on line 9, strike all of section 7 and insert the following:
"NEW SECTION. Sec. 7. This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately."
On page 18, beginning on line 19, strike all of section 9
EFFECT: Removes 1.75 percent business and occupation tax rate for services. Increases the advanced computing surcharge to 5 percent. Eliminates annual combined cap of $9 million for affiliated persons subject to the advanced computing surcharge.
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