RCW 82.45.230
Accounts into which tax is deposited.
(1) Beginning January 1, 2020, and ending June 30, 2023, the amounts received for the tax imposed on each sale of real property under RCW 82.45.060 must be deposited as follows:
(a) 1.7 percent must be deposited into the public works assistance account created in RCW 43.155.050;
(b) 1.4 percent must be deposited into the city-county assistance account created in RCW 43.08.290;
(c) 79.4 percent must be deposited into the general fund; and
(d) The remainder must be deposited into the educational legacy trust account created in RCW 83.100.230.
(2) Beginning July 1, 2023, and thereafter, the amounts received for the tax imposed on each sale of real property under RCW 82.45.060 must be deposited as follows:
(a) 5.2 percent must be deposited into the public works assistance account created in RCW 43.155.050;
(b) 1.4 percent must be deposited into the city-county assistance account created in RCW 43.08.290;
(c) 79.4 percent must be deposited into the general fund; and
(d) The remainder must be deposited into the education legacy trust account created in RCW 83.100.230.
[ 2019 c 424 § 2.]
NOTES:
Automatic expiration date and tax preference performance statement exemption—Effective date—2019 c 424: See notes following RCW 82.45.060.
Structure Revised Code of Washington
Chapter 82.45 - Excise Tax on Real Estate Sales.
82.45.030 - "Selling price," "total consideration paid or contracted to be paid," defined.
82.45.032 - Additional definitions.
82.45.033 - "Controlling interest" defined.
82.45.060 - Tax on sale of property.
82.45.065 - Tax preferences—Expiration dates.
82.45.070 - Tax is lien on property—Enforcement.
82.45.080 - Tax is seller's obligation—Choice of remedies.
82.45.090 - Payment of tax and fee—Evidence of payment—Recording—Sale of beneficial interest.
82.45.180 - Disposition of proceeds.
82.45.190 - Exemptions—State route No. 16 corridor transportation systems and facilities.
82.45.195 - Exemptions—Standing timber sales.
82.45.197 - Exemptions—Inheritance—Documents required.
82.45.210 - State assistance for county electronic processing and reporting of taxes—Grant program.
82.45.220 - Failure to report transfer of controlling interest.
82.45.230 - Accounts into which tax is deposited.
82.45.235 - Tax treatment—Transactions structured to reduce or avoid tax.