This bill amends existing tax regulations related to radio and television broadcasting in Washington State. It introduces a new section to chapter 82.04 RCW, establishing that individuals engaged in radio and television broadcasting will be taxed at a rate of 0.484 percent on their gross income. However, the gross income calculation will exclude revenues from network, national, and regional advertising, which can be determined either through a standard deduction based on national averages or by itemization that accounts for out-of-state audience revenue. The bill also clarifies the definition of "radio and television broadcasting" to include various means of delivering audio, video, and written information.

Additionally, the bill amends RCW 82.04.280 by removing previous language that specified the exclusion of certain advertising revenues from the tax calculation, thereby aligning it with the new provisions introduced in the first section. The bill also includes a provision stating that certain existing regulations (RCW 82.32.805 and 82.32.808) do not apply to this act, indicating a shift in how broadcasting revenues are treated under state tax law.

Statutes affected:
Original Bill: 82.04.280