Laserfiche WebLink
(b)providing evaluation and work adjustment services for handicapped <br /> individuals. <br /> (9) Credit unions. This chapter shall not apply to the gross income of credit unions <br /> organized under the laws of this state, any other state, or the United States. <br /> Healthcare exemption. <br /> (10) Health maintenance organization, health care service contractor, certified health <br /> plan. Beginning on January 1, 2000 this chapter does not apply to any health maintenance <br /> organization, health care service contractor, or certified health plan in respect to <br /> premiums or prepayments that are taxable under RCW 48.14.0201. [If the city taxes non- <br /> profit hospitals, then you need to add additional language contained in RCW 48.14.0201 <br /> (7).] <br /> Utility exemption. <br /> (11) Public utilities. This chapter shall not apply to any person in respect to a business <br /> activity with respect to which tax liability is specifically imposed under the provisions of <br /> Chapters EMC 3.28 and EMC 3.76. <br /> Financial exemptions. <br /> (12) Investments - dividends from subsidiary corporations. This chapter shall not apply to <br /> amounts derived by persons, other than those engaging in banking, loan, security, or <br /> other financial businesses, from investments or the use of money as such, and also <br /> amounts derived as dividends by a parent from its subsidiary corporations. <br /> (13) International banking facilities. This chapter shall not apply to the gross receipts of <br /> an international banking facility. <br /> As used in this section, an "international banking facility" means a facility <br /> represented by a set of asset and liability accounts segregated on the books and <br /> records of a commercial bank, the principal office of which is located in this state, <br /> and which is incorporated and doing business under the laws of the United States <br /> or of this state, a United States branch or agency of a foreign bank, an Edge <br /> corporation organized under Section 25(a) of the Federal Reserve Act, 12 United <br /> States Code 611-631, or an Agreement corporation having an agreement or <br /> undertaking with the Board of Governors of the Federal Reserve System under <br /> Section 25 of the Federal Reserve Act, 12 United States Code 601-604(a), that <br /> includes only international banking facility time deposits (as defined in subsection <br /> (a)(2) of Section 204.8 of Regulation D (12 CFR Part 204), as promulgated by the <br /> Board of Governors of the Federal Reserve System), and international banking <br /> facility extensions of credit (as defined in subsection(a)(3) of Section 204.8 of <br /> Regulation D). <br /> Miscellaneous exemptions. <br /> 23 <br />