(1) This chapter does not apply to
amounts received by a qualifying blood bank, a qualifying tissue
bank, or a qualifying blood and tissue bank to the extent the
amounts are exempt from federal income tax.
(2) For the purposes of this section:
(a) "Qualifying blood bank" means a blood bank that
qualifies as an exempt organization under 26 U.S.C. 501(c)(3) as
existing on June 10, 2004, is registered pursuant to 21 C.F.R.,
part 607 as existing on June 10, 2004, and whose primary business
purpose is the collection, preparation, and processing of blood.
"Qualifying blood bank" does not include a comprehensive cancer
center that is recognized as such by the national cancer
institute.
(b) "Qualifying tissue bank" means a tissue bank that
qualifies as an exempt organization under 26 U.S.C. 501(c)(3) as
existing on June 10, 2004, is registered pursuant to 21 C.F.R.,
part 1271 as existing on June 10, 2004, and whose primary
business purpose is the recovery, processing, storage, labeling,
packaging, or distribution of human bone tissue, ligament tissue
and similar musculoskeletal tissues, skin tissue, heart valve
tissue, or human eye tissue. "Qualifying tissue bank" does not
include a comprehensive cancer center that is recognized as such
by the national cancer institute.
(c) "Qualifying blood and tissue bank" is a bank that
qualifies as an exempt organization under 26 U.S.C. 501(c)(3) as
existing on June 10, 2004, is registered pursuant to 21 C.F.R.,
part 607 and part 1271 as existing on June 10, 2004, and whose
primary business purpose is the collection, preparation, and
processing of blood, and the recovery, processing, storage,
labeling, packaging, or distribution of human bone tissue,
ligament tissue and similar musculoskeletal tissues, skin tissue,
and heart valve tissue. "Qualifying blood and tissue bank" does
not include a comprehensive cancer center that is recognized as
such by the national cancer institute.
[2004 c 82 § 1; 1995 2nd sp.s. c 9 § 3.]
NOTES:
Effective date -- 1995 2nd sp.s. c 9: See note following RCW 84.36.035.