RCW 54.28.120
Amount of tax if district acquires electric utility property from public service company.
In the event any district hereafter purchases or otherwise acquires electric utility properties comprising all or a portion of an electric generation and/or distribution system from a public service company, as defined in RCW 80.04.010, the total amount of privilege taxes imposed under chapter 278, Laws of 1957 to be paid by the district annually on the combined operating property within each county where such utility property is located, irrespective of any other basis of levy contained in this chapter, will be not less than the combined total of the ad valorem taxes, based on regular levies, last levied against the electric utility property constituting the system so purchased or acquired plus the taxes paid by the district for the same year on the revenues of other operating property in the same county under terms of this chapter. If all or any portion of the property so acquired is subsequently sold, or if rates charged to purchasers of electric energy are reduced, the amount of privilege tax required under this section shall be proportionately reduced.
[ 1957 c 278 § 14.]
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.