RCW 47.01.412
State route No. 520 improvements—Tax deferrals—Definition.
(1)(a) Any person involved in the construction of the state route number 520 bridge replacement and HOV project may apply for deferral of state and local sales and use taxes on the site preparation for, the construction of, the acquisition of any related machinery and equipment that will become a part of, and the rental of equipment for use in, the project.
(b) Application shall be made to the department of revenue in a form and manner prescribed by the department of revenue. The application must contain information regarding estimated or actual costs, time schedules for completion and operation, and other information required by the department of revenue. The department of revenue shall approve the application within 60 days if it meets the requirements of this section.
(2) The department of revenue shall issue a sales and use tax deferral certificate for state and local sales and use taxes imposed or authorized under chapters 82.08, 82.12, and 82.14 RCW and RCW 81.104.170 on the project.
(3) A person granted a tax deferral under this section shall begin paying the deferred taxes in the 24th year after the date certified by the department of revenue as the date on which the project is operationally complete. The project is operationally complete under this section when the replacement bridge is constructed and opened to traffic. The first payment is due on December 31st of the 24th calendar year after the certified date, with subsequent annual payments due on December 31st of the following nine years. Each payment shall equal 10 percent of the deferred tax.
(4) The department of revenue may authorize an accelerated repayment schedule upon request of a person granted a deferral under this section.
(5) Interest shall not be charged on any taxes deferred under this section for the period of deferral, although all other penalties and interest applicable to delinquent excise taxes may be assessed and imposed for delinquent payments under this section. The debt for deferred taxes is not extinguished by insolvency or other failure of any private entity granted a deferral under this section.
(6) Applications and any other information received by the department of revenue under this section are not confidential and are subject to disclosure. Chapter 82.32 RCW applies to the administration of this section.
(7) For purposes of this section, "person" has the same meaning as in RCW 82.04.030 and also includes the department of transportation.
[ 2022 c 144 § 1; 2008 c 270 § 7.]
NOTES:
Application of RCW 82.32.805 and 82.32.808—2022 c 144: "The provisions of RCW 82.32.805 and 82.32.808 do not apply to this act." [ 2022 c 144 § 2.]
Effective date—2022 c 144: "This act takes effect July 1, 2022." [ 2022 c 144 § 3.]
Finding—2008 c 270: See note following RCW 47.01.408.
Structure Revised Code of Washington
Title 47 - Public Highways and Transportation
Chapter 47.01 - Department of Transportation.
47.01.011 - Legislative declaration.
47.01.031 - Department created—Transfer of powers, duties, and functions.
47.01.041 - Secretary of transportation—Appointment, salary, removal.
47.01.051 - Commission created—Appointment of members—Terms—Qualifications—Removal.
47.01.061 - Commission—Procedures and internal operations.
47.01.070 - Director's and commissioner's prior assignments may be delegated.
47.01.071 - Commission—Functions, powers, and duties.
47.01.075 - Transportation policy development.
47.01.078 - Transportation system policy goals—Duties.
47.01.081 - Department—Organization—Management personnel.
47.01.091 - Advisory councils.
47.01.101 - Secretary—Authority and duties.
47.01.131 - Continuation of state services to department.
47.01.180 - Roads and bridges in state parks.
47.01.190 - State aid engineer.
47.01.210 - Contract without bid or bond with public utilities and municipal corporations.
47.01.240 - Coordination of long-range needs studies.
47.01.250 - Consultation with designated state officials.
47.01.260 - Authority of department.
47.01.270 - Radioactive or hazardous cargo, notice of prohibition.
47.01.280 - Application for improvements to existing highways.
47.01.290 - Environmental review of transportation projects.
47.01.330 - Office of transit mobility.
47.01.340 - Local and regional transportation goals.
47.01.380 - State route No. 520 improvements—Exceptions.
47.01.408 - State route No. 520 improvements—Design requirements.
47.01.412 - State route No. 520 improvements—Tax deferrals—Definition.
47.01.415 - State route No. 520 improvements—Finance plan.
47.01.417 - State route No. 520 improvements—Finance plan—Revenue sources and savings recognition.
47.01.420 - Naming and renaming state transportation facilities.
47.01.425 - Jurisdictional transfers.
47.01.430 - Wounded combat veterans internship program.
47.01.435 - Highway construction workforce development—Reports.
47.01.460 - Adjustments to recreational vehicle fees.
47.01.470 - Transfer of ownership of department-owned vessel—Review of vessel's physical condition.
47.01.475 - Transfer of ownership of department-owned vessel—Further requirements.
47.01.490 - Reporting engineering errors on highway construction projects—Requirements.
47.01.495 - Construction program business plan—Requirements—Progress reports—Advisory group.
47.01.505 - Interstate 5 Columbia river bridge project—Joint legislative action committee.
47.01.510 - Autonomous vehicle executive and legislative work group.
47.01.515 - Environmental justice obligations of the department of transportation.