Title 82 — Title 82 EXCISE TAXES
62 chapters · 1,436 sections in this title.
RCW 82.85.010 Findings—Tax preference performance statement.
3.2K chars
(1) Businesses that invest capital create jobs and generate economic activity that supports a healthy Washington economy. The legislature finds that these investments result in future revenues that support schools and our communities. Therefore, the legislature finds that a pilot…
RCW 82.85.020 Definitions.
2.7K chars
(1) The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(a) "Applicant" means a person applying for a tax deferral under this chapter.(b) "Eligible investment project" means an investment project for qualified buildings and …
RCW 82.85.030 Deferral eligibility—Lessor or owner of qualified building.
1.0K chars
The lessor or owner of a qualified building is not eligible for a deferral unless:(1) The underlying ownership of the building, machinery, and equipment vests exclusively in the same person; or(2)(a) The lessor by written contract agrees to pass the economic benefit of the deferr…
RCW 82.85.040 Deferral application.
1.3K chars
(1) Application for deferral of taxes under this chapter must be made before initiation of the construction of the investment project or acquisition of equipment or machinery. The application must be made to the department in a form and manner prescribed by the department. The de…
RCW 82.85.050 Deferral certificate—Issued by the department.
0.7K chars
(1) Except as otherwise provided in subsection (2) of this section, the department must issue a sales and use tax deferral certificate for state and local sales and use taxes due under chapters 82.08, 82.12, 82.14, and 81.104 RCW on each eligible investment project.(2) No certifi…
RCW 82.85.060 Repayment—Deferred taxes.
1.4K chars
(1) The recipient must begin paying the deferred taxes in the fifth year after the date certified by the department as the date on which the investment project has been operationally completed. The first payment of ten percent of the deferred taxes will be due on December 31st of…
RCW 82.85.070 Invest in Washington account—Created—Funded.
1.9K chars
(1) State taxes deferred and repaid under this chapter, including any interest or penalties on such amounts, must be deposited in the invest in Washington account created in this section. The invest in Washington account is hereby created in the state treasury [and] must be used …
RCW 82.85.080 Annual tax performance report.
1.2K chars
(1) Each recipient of a deferral of taxes granted under this chapter must file a complete annual tax performance report with the department under RCW 82.32.534. If the economic benefits of the deferral are passed to a lessee as provided in RCW 82.85.030, the lessee must file a co…
RCW 82.85.900 Short title.
0.3K chars
This part [chapter] may be known and cited as the invest in Washington act.[ 2015 3rd sp.s. c 6 s 409.]Notes:Application—2015 3rd sp.s. c 6 ss 406-409: See note following RCW 82.85.060.Effective dates—2015 3rd sp.s. c 6: See note following RCW 82.04.4266.