The bill repeals relevant RCW about tax on warehousing and reselling prescription drugs.
By January 1, 2020, and by January 1st of each year thereafter, the department must estimate the increase to the general fund due to the elimination of the tax preference in RCW 82.04.272 (related to warehousing and reselling prescription drugs) for the current biennium and two subsequent biennia.
The department must notify the appropriate legislative fiscal committees of the amount determined by the department under this section. The state Omnibus Appropriations Act must separately appropriate the amount specifically for opioid abuse treatment services in rural and high need areas.
The bill is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions. It takes effect July 1, 2019.