(Expires January 1, 2034.) (1) Upon every person engaging within this state in the business of manufacturing or processing for hire semiconductor materials, as to such persons the amount of tax with respect to such business is, in the case of manufacturers, equal to the value of the product manufactured, or, in the case of processors for hire, equal to the gross income of the business, multiplied by the rate of 0.275 percent. (2) For the purposes of this section "semiconductor materials" means silicon crystals, silicon ingots, raw polished semiconductor wafers, and compound semiconductor wafers. (3) A person reporting under the tax rate provided in this section must file a complete annual tax performance report with the department under RCW 82.32.534. (4) Any person who has claimed the preferential tax rate under this section must reimburse the department for 50 percent of the amount of the tax preference under this section, if the number of persons employed by the person claiming the tax preference is less than 90 percent of the person's three-year employment average for the three years immediately preceding the year in which the preferential tax rate is claimed. (5) This section expires January 1, 2034. [ 2024 c 261 s 10; 2021 c 145 s 6; 2017 3rd sp.s. c 37 s 503; (2017 3rd sp.s. c 37 s 502 expired January 1, 2018); 2017 c 135 s 10; 2010 c 114 s 105; 2006 c 84 s 2.]
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