Washington Revised Code Title 82. Excise Taxes § 82.04.426. Exemptions--Semiconductor microchips (Contingent effective date; contingent expiration date)

(1) The tax imposed by RCW 82.04.241 does not apply to any person in respect to the manufacturing of semiconductor microchips.

(2) For the purposes of this section:

(3) A person reporting under the tax rate provided in this section must file a complete annual tax performance report with the department under RCW 82.32.534.

(4) Pursuant to RCW 82.32.790, this section is contingent on the siting and commercial operation of a significant semiconductor microchip fabrication facility in the state of Washington.

(5) Any person who has claimed the exemption under this section must reimburse the department for 50 percent of the amount of the tax preference under this section if the number of persons employed by the person claiming the tax preference is less than 90 percent of the person's three-year employment average for the three years immediately preceding the year in which the exemption is claimed.

(6) This section expires January 1, 2034, unless the contingency in RCW 82.32.790(2) occurs.