The bill amends RCW 82.04.759 to clarify tax exemptions for individuals and entities engaged in printing newspapers and publishing eligible digital content. It specifies that amounts received for these activities are exempt from certain taxes, provided that the entities primarily engage in these activities. The bill introduces new requirements for claiming the exemption, including the necessity for individuals to file a complete annual tax performance report with the department under RCW 82.32.534. Additionally, it establishes penalties for those who fail to meet this requirement, including the immediate due of taxes previously exempted, along with interest assessed retroactively.

The bill also defines "eligible digital content" and outlines the conditions under which the exemption applies. It includes provisions for the expiration of certain sections of the act, with Section 1 expiring on January 1, 2026, and Section 2 taking effect on the same date, expiring on January 1, 2034. Overall, the legislation aims to support the newspaper industry and digital content publishers by providing tax relief while ensuring compliance through reporting requirements.

Statutes affected:
Original Bill: 82.04.759
Bill as Passed Legislature: 82.04.759
Session Law: 82.04.759