This bill amends existing Washington state law regarding the taxation of radio and television broadcasting businesses. It introduces a new section to chapter 82.04 RCW, establishing that the tax rate for these businesses is set at 0.484 percent of their gross income. However, it specifies that gross income will not include revenues from network, national, and regional advertising, which can be calculated either through a standard deduction based on national averages or by itemization that excludes out-of-state audience revenue. The bill also clarifies the definition of "radio and television broadcasting" to encompass various forms of media delivery by licensed stations.

Additionally, the bill amends RCW 82.04.280, removing previous language that included radio and television broadcasting in a broader category of taxable businesses while maintaining the same tax rate. It also includes a new section stating that certain existing laws (RCW 82.32.805 and 82.32.808) do not apply to this act, indicating a specific legislative intent to create a distinct framework for the taxation of broadcasting businesses.

Statutes affected:
Original Bill: 82.04.280
Bill as Passed Legislature: 82.04.280
Session Law: 82.04.280