RCW 82.92.100
Tax deferral certificates. (Expires July 1, 2032.)
(1) After receiving the conditional certificate of program approval issued by the city and provided to the department by the applicant, the department must issue a sales and use tax deferral certificate for state and local sales and use taxes due under chapters 82.08, 82.12, and 82.14 RCW on each eligible investment project.
(2) The department must keep a running total of all estimated sales and use tax deferrals provided under this chapter during each fiscal biennium.
(3) The deferral certificate is valid during active construction of a qualified investment project and expires on the day the city issues a certificate of occupancy for the investment project for which a deferral certificate was issued.
(4) This section expires July 1, 2032.
[ 2022 c 241 § 12.]
NOTES:
Tax preference performance statement—2022 c 241: See note following RCW 82.92.030.
Structure Revised Code of Washington
Chapter 82.92 - Tax Deferrals for Underdeveloped Urban Land Redevelopment.
82.92.020 - Requirements for governing authorities.
82.92.030 - Requirements for applicants.
82.92.040 - Conditional certification.
82.92.050 - Approval of applications—Appeals.
82.92.070 - Certificate of occupancy—Process after issuance.
82.92.080 - Annual report by conditional recipient—Annual tax performance report—Report by city.
82.92.090 - Application to department.