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By R0SS KINCAID executive vice president

complete and immediate repeal of the tax, it is a step in the right direction and does provide some relief.

New Section 2. Added to chapter 15, Laws ol l96l and to chapter 82.04 RCW:

I 983.

Inventory Tax will be phased out a l0 year period, 1974 through

OR Washington members: The over

The 3rd Extraordinary Session of Washington State's 43rd Legislature passed House Bill No. l30l as amended. The following provisions of this legislation, which became effective May 10. 1974, cover the .important and -long awaited changes in the inventory tax laws.

Although this is far from the desired

For each of the calendar years l9i4 through 1983, a percentage as set iorth telow, of any perso-nal pro- perty taxes paid before delinquency after the effective date of this 1974 act by any taxpayer upon business invehtories duiins ^the same calendar year shall be all-owed as a credit against the total of any taxes imposed on such taxpayer oi its successor by chapter 82.04 RCW (business and occupation tax). as follows: