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Friday, 30 July 2010 15:39

By Dawna Chase, Certified Quickbooks® ProAdvisor, Paraprofessional

Washington Secretary of State Sam Reed is expected to certify for the November ballot an initiative that would repeal the sales tax on candy, end the temporary sales tax on bottled water, repeal the temporary excise tax on carbonated beverages, and restore the reduced business and occupation (B&O) tax rate for certain food processors. S.B. 6143, Laws 2010, imposed sales tax on candy effective June 1, 2010, imposed sales tax on bottled water from June 1, 2010, through July 1, 2013, and imposed an excise tax on carbonated beverages from July 1, 2010, through June 30, 2013.

The legislation also narrowed the B&O preferential tax rate for fruit and vegetable manufacturers by requiring that end products be comprised either (1) exclusively of fruits and/or vegetables, or (2) of any combination of fruits, vegetables, and certain other substances that, cumulatively, may not exceed the amount of fruits and vegetables contained in the product measured by weight or volume.

The text of I-1107 can be viewed at http://www.sos.wa.gov/elections/initiatives/text/i1107.pdf. Initiative 1107, subject to approval by voters in the November 2, 2010 general election.

"Since early 2007 Douglas County PUD has utilized the services of Cordell, Neher & Company for third party administration of the PUD’s Section 457 deferred compensation plan and Section 401(a) deferred compensation matching plan. Cordell, Neher & Company has provided high quality service to Douglas County PUD and its employees, and their administration services fees have been reasonable. Cordell, Neher & Company staff have made themselves readily available for educational and financial planning meetings, in both group and individual settings, with Douglas PUD employees; and they have been very helpful in working through unique situations that occasionally arise in administration of these plans. As Douglas PUD’s primary point of contact for these plans I have been satisfied and favorably impressed with the quality of service provided by Cordell, Neher & Company."

Wyatt Scheibner
Treasurer
PUD No. 1 of Douglas County