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5 <br /> competitive labor market or during such time as employment opportunities for them in <br /> the competitive labor market do not exist; or <br /> b. Providing evaluation and work adjustment services for handicapped 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 /> B. Healthcare Exemption. <br /> 1. Health Maintenance Organization,Health Care Service Contractor, Certified <br /> Health Plan.Beginning on January 1,2000,this chapter does not apply to any health <br /> maintenance organization,health care service contractor,or certified health plan in <br /> respect to premiums or prepayments that are taxable under RCW 48.14.0201. <br /> C. Utility Exemption. <br /> 1. 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 3.28 and 3.76 of this code. <br /> D. Financial Exemptions. <br /> 1. Investments—Dividends from Subsidiary Corporations. This chapter shall not <br /> apply to amounts derived by persons,other than those engaging in banking, loan, <br /> security, or other financial businesses,from investments or the use of money as such, and <br /> also amounts derived as dividends by a parent from its subsidiary corporations. <br /> 2. International Banking Facilities.This chapter shall not apply to the gross receipts <br /> of an international banking facility. <br /> As used in this section, an"international banking facility"means a facility represented <br /> by a set of asset and liability accounts segregated on the books and records of a <br /> commercial bank,the principal office of which is located in this state, and which is <br /> incorporated and doing business under the laws of the United States or of this state, a <br /> United States branch or agency of a foreign bank, an Edge corporation organized under <br /> Section 25(a)of the Federal Reserve Act, 12 United States Code 611-631,or an <br /> Agreement corporation having an agreement or undertaking with the Board of Governors <br /> of the Federal Reserve System under Section 25 of the Federal Reserve Act, 12 United <br /> States Code 601-604(a),that includes only international banking facility time deposits(as <br /> defined in subsection(a)(2)of Section 204.8 of Regulation D (12 CFR Part 204), as <br /> promulgated by the Board of Governors of the Federal Reserve System), and <br /> international banking facility extensions of credit(as defined in subsection(a)(3)of <br /> Section 204.8 of Regulation D). <br /> E. Miscellaneous Exemptions. <br /> 1. Tnsurance Business.This chapter shall not apply to amounts received by any <br /> person or agent who is an insurer upon which a tax based on gross premiums is paid to <br /> the state pursuant to RCW 48.14.020;provided,that the provisions of this subsection <br /> shall not exempt any person engaging in the business of insurance as a broker as defined <br /> in RCW 48.17.020 or as a solicitor as defined in RCW 48.17.030; and provided further, <br /> • Pagell? 56 <br />