RCW 82.87.030
Distribution of revenues.
(1) All taxes, interest, and penalties collected under this chapter shall be distributed as follows:
(a) The first $500,000,000 collected each fiscal year shall be deposited into the education legacy trust account created in RCW 83.100.230; and
(b) Any remainder collected each fiscal year shall be deposited into the common school construction account [fund].
(2) The amounts specified under subsection (1)(a) of this section shall be adjusted annually as provided under RCW 82.87.150.
[ 2021 c 196 § 2.]
NOTES:
Automatic expiration date and tax preference performance statement exemption—2021 c 196: See note following RCW 82.87.010.
Structure Revised Code of Washington
Chapter 82.87 - Capital Gains Tax.
82.87.010 - Findings—Intent—2021 c 196.
82.87.030 - Distribution of revenues.
82.87.040 - Tax imposed—Long-term capital assets.
82.87.070 - Qualified family-owned small business deduction.
82.87.080 - Charitable donation deduction.
82.87.100 - Allocation of long-term capital gains and losses—Credit.
82.87.110 - Filing of returns—Additional documentation—Penalty.
82.87.120 - Joint filers—Separate filers—Tax liability.
82.87.130 - Administration of taxes.