RCW 54.28.110
Voluntary payments by district to taxing entity for removal of property from tax rolls.
Whenever, hereafter, property is removed from the tax rolls as a result of the acquisition of operating property or the construction of a generating plant by a public utility district, such public utility district may make voluntary payments to any municipal corporation or other entity authorized to levy and collect taxes in an amount not to exceed the amount of tax revenues being received by such municipal corporation or other entity at the time of said acquisition or said construction and which are lost by such municipal corporation or other entity as a result of the acquisition of operating property or the construction of a generating plant by the public utility district: PROVIDED, That this section shall not apply to taxing districts as defined in RCW 54.28.010, and: PROVIDED FURTHER, That in the event any operating property so removed from the tax rolls is dismantled or partially dismantled the payment which may be paid hereunder shall be correspondingly reduced.
[ 1957 c 278 § 13.]
Structure Revised Code of Washington
Title 54 - Public Utility Districts
Chapter 54.28 - Privilege Taxes.
54.28.011 - "Gross revenue" defined.
54.28.020 - Tax imposed—Rates—Additional tax imposed.
54.28.040 - Tax computed—Payment—Penalties—Disposition.
54.28.050 - Distribution of tax.
54.28.055 - Distribution of tax proceeds from thermal electric generating facilities.
54.28.070 - Municipal taxes—May be passed on.
54.28.080 - Additional tax for payment on bonded indebtedness of school districts.
54.28.100 - Use of moneys received by taxing district.
54.28.110 - Voluntary payments by district to taxing entity for removal of property from tax rolls.
54.28.125 - Public utility district privilege tax—Tools for administration.