5143-S AMS GILD S1726.2
SSB 5143 - S AMD 133
By Senator Gildon
On page 2, beginning on line 10, after "interest"" strike all material through "law" on line 11 and insert "((has the meaning ascribed to it under the Washington case law))means a financial interest in a contract, sale, lease, purchase, or grant to which an individual subject to the act is not a party, but is an owner of an entity that is a party. An ownership interest of less than 10 percent of an entity is not a beneficial interest"
On page 7, beginning on line 3, after "interest"" strike all material through "law" on line 4 and insert "((has the meaning ascribed to it under the Washington case law))means a financial interest in a contract, sale, lease, purchase, or grant to which an individual subject to the act is not a party, but is an owner of an entity that is a party. An ownership interest of less than 10 percent of an entity is not a beneficial interest"
On page 21, beginning on line 11, strike all of subsection (8)
On page 22, line 22, after "
under" strike "
chapter 42.17A" and insert "
Title 29B"
On page 25, beginning on line 25, strike all of subsection (8)
EFFECT: Restores the changes to the definition of "beneficial interest" from SB 5143. Strikes the inflation adjustment procedure for the aggregate gift amount. Corrects an internal citation.
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