§ 48.14.021. Reduction of tax -- Policies connected with pension, etc., plans exempt or qualified under internal revenue code
As to premiums received from policies or contracts issued in connection with a pension, annuity or profit-sharing plan exempt or qualified under sections 401, 403(b), 404, 408(b), or 501(a) of the United States internal revenue code, the rate of tax specified in RCW 48.14.020 shall be reduced twelve and one-half percent with respect to the tax payable in 1964, twenty-five percent with respect to the tax payable in 1965, thirty-seven and one-half percent with respect to the tax payable in 1966, fifty percent with respect to the tax payable in 1967, sixty-two and one-half percent with respect to the tax payable in 1968, seventy-five percent with respect to the tax payable in 1969, eighty-seven and one-half percent with respect to the tax payable in 1970, and one hundred percent with respect to the tax payable in 1971 and annually thereafter.
[1975-'76 2nd ex.s. c 119 § 1; 1974 ex.s. c 132 § 1; 1963 c 166 § 1.]
Sections: Previous 48.14.010 48.14.020 48.14.0201 48.14.021 48.14.022 48.14.025 48.14.027 48.14.030 48.14.040 48.14.060 48.14.070 48.14.080 48.14.090 48.14.095 48.14.100 NextLast modified: April 7, 2009