Revised Code of Washington
Chapter 84.36 - Exemptions.
84.36.070 - Intangible personal property—Appraisal.

RCW 84.36.070
Intangible personal property—Appraisal.

(1) Intangible personal property is exempt from ad valorem taxation.
(2) "Intangible personal property" means:
(a) All moneys and credits including mortgages, notes, accounts, certificates of deposit, tax certificates, judgments, state, county and municipal bonds and warrants and bonds and warrants of other taxing districts, bonds of the United States and of foreign countries or political subdivisions thereof and the bonds, stocks, or shares of private corporations;
(b) Private nongovernmental personal service contracts, private nongovernmental athletic or sports franchises, or private nongovernmental athletic or sports agreements provided that the contracts, franchises, or agreements do not pertain to the use or possession of tangible personal or real property or to any interest in tangible personal or real property; and
(c) Other intangible personal property such as trademarks, trade names, brand names, patents, copyrights, trade secrets, franchise agreements, licenses, permits, core deposits of financial institutions, noncompete agreements, customer lists, patient lists, favorable contracts, favorable financing agreements, reputation, exceptional management, prestige, good name, or integrity of a business.
(3) "Intangible personal property" does not include zoning, location, view, geographic features, easements, covenants, proximity to raw materials, condition of surrounding property, proximity to markets, the availability of a skilled workforce, and other characteristics or attributes of property.
(4) This section does not preclude the use of, or permit a departure from, generally accepted appraisal practices and the appropriate application thereof in the valuation of real and tangible personal property, including the appropriate consideration of licenses, permits, and franchises granted by a government agency that affect the use of the property.

[ 1997 c 181 § 1; 1974 ex.s. c 118 § 1; 1961 c 15 § 84.36.070. Prior: 1931 c 96 § 1; RRS § 11111-1. FORMER PART OF SECTION: 1925 ex.s. c 130 § 5, part, now codified in RCW 84.04.080.]
NOTES:

Construction—1997 c 181: "This act shall not be construed to amend or modify any existing statute or rule relating to the treatment of computer software, retained rights in computer software, and golden and master copies of computer software for property tax purposes." [ 1997 c 181 § 3.]


Intent—No relation to other state's law—1997 c 181: "Nothing in this act is intended to incorporate and nothing in this act is based on any other state's statutory or case law." [ 1997 c 181 § 4.]


Severability—1997 c 181: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [ 1997 c 181 § 5.]


Applicability—1997 c 181: "This act is effective for taxes levied for collection in 1999 and thereafter." [ 1997 c 181 § 6.]


Report to legislature—1997 c 181: "By December 1, 2000, the department of revenue shall submit a report to the house finance committee, the senate ways and means committee, and the office of the governor on tax shifts, tax losses, and any litigation resulting from this act." [ 1997 c 181 § 7.]

Structure Revised Code of Washington

Revised Code of Washington

Title 84 - Property Taxes

Chapter 84.36 - Exemptions.

84.36.005 - Property subject to taxation.

84.36.010 - Public, certain public-private and tribal property exempt.

84.36.012 - Tribal property exemption—Application.

84.36.015 - Property valued at less than five hundred dollars—Exceptions.

84.36.020 - Cemeteries, churches, parsonages, convents, and grounds.

84.36.030 - Property used for character building, benevolent, protective or rehabilitative social services—Camp facilities—Veteran or relief organization owned property—Property of nonprofit organizations that issue debt for student loans or that are...

84.36.031 - Clarification of exemption in RCW 84.36.030.

84.36.032 - Administrative offices of nonprofit religious organizations.

84.36.035 - Property used by qualifying blood, tissue, or blood and tissue banks.

84.36.037 - Nonprofit organization property connected with operation of public assembly hall or meeting place.

84.36.040 - Nonprofit child day care centers, libraries, orphanages, homes or hospitals for the sick or infirm, outpatient dialysis facilities.

84.36.041 - Nonprofit homes for the aging.

84.36.042 - Nonprofit organization, corporation, or association property used to provide housing for persons with developmental disabilities.

84.36.043 - Nonprofit organization property used in providing emergency or transitional housing to low-income homeless persons or victims of domestic violence.

84.36.045 - Nonprofit organization property available without charge for medical research or training of medical personnel.

84.36.046 - Nonprofit cancer clinic or center.

84.36.047 - Nonprofit organization property used for transmission or reception of radio or television signals originally broadcast by governmental agencies.

84.36.049 - Nonprofit homeownership development.

84.36.050 - Schools and colleges.

84.36.060 - Art, scientific and historical collections and property used to maintain, etc., such collections—Property of associations engaged in production and performance of musical, dance, artistic, etc., works—Fire engines, implements, and buildin...

84.36.070 - Intangible personal property—Appraisal.

84.36.079 - Rights, title, interest, and materials of certain vessels under construction.

84.36.080 - Certain ships and vessels.

84.36.090 - Exemption for other ships and vessels.

84.36.100 - Size of vessel immaterial.

84.36.105 - Cargo containers used in ocean commerce.

84.36.110 - Household goods and personal effects—Fifteen thousand dollars actual value to head of family.

84.36.120 - Household goods and personal effects—Definitions.

84.36.130 - Airport property in this state for smaller airports belonging to municipalities of adjoining states.

84.36.133 - Aircraft owned and operated by a commuter air carrier.

84.36.135 - Real and personal property of housing finance commission.

84.36.210 - Public right-of-way easements.

84.36.230 - Interstate bridges—Reciprocity.

84.36.240 - Soil and water conservation districts, personal property.

84.36.250 - Water distribution property owned by nonprofit corporation or cooperative association.

84.36.255 - Improvements to benefit fish and wildlife habitat, water quality, and water quantity—Cooperative assistance to landowners—Certification of best management practice—Limitation—Landowner claim and certification.

84.36.260 - Property, interests, etc., used for conservation of ecological systems, natural resources, or open space—Conservation or scientific research organizations.

84.36.262 - Cessation of use giving rise to exemption.

84.36.264 - Application for exemption under RCW 84.36.260, conservation of ecological systems.

84.36.300 - Stocks of merchandise, goods, wares, or material—Aircraft parts, etc.—When eligible for exemption.

84.36.301 - Legislative finding and declaration for RCW 84.36.300.

84.36.310 - Requirements for exemption under RCW 84.36.300.

84.36.320 - Inspection of books and records for exemption under RCW 84.36.300.

84.36.350 - Property owned and used for sheltered workshops for persons with disabilities.

84.36.379 - Residences—Property tax exemption—Findings.

84.36.381 - Residences—Property tax exemptions—Qualifications.

84.36.383 - Residences—Definitions.

84.36.385 - Residences—Claim for exemption—Forms—Change of status—Publication and notice of qualifications and manner of making claims.

84.36.387 - Residences—Claimants—Penalty for falsification—Reduction by remainderman.

84.36.389 - Residences—Rules and regulations—Audits—Confidentiality—Criminal penalty.

84.36.400 - Improvements to single-family dwellings.

84.36.451 - Right to occupy or use certain public property, including leasehold interests.

84.36.470 - Agricultural products—Exemption.

84.36.477 - Business inventories.

84.36.480 - Nonprofit fair associations.

84.36.487 - Air pollution control equipment in thermal electric generation facilities—Records—Payments on cessation of operation.

84.36.500 - Conservation futures on agricultural land.

84.36.510 - Mobile homes in dealer's inventory.

84.36.550 - Nonprofit organizations—Property used for solicitation or collection of gifts, donations, or grants.

84.36.560 - Nonprofit organizations that provide rental housing or used space to qualifying households.

84.36.570 - Nonprofit organizations—Property used for agricultural research and education programs.

84.36.590 - Property used in connection with privatization contract at Hanford reservation.

84.36.595 - Motor vehicles, travel trailers, campers, and vehicles carrying exempt licenses.

84.36.597 - Heavy equipment rental property.

84.36.600 - Computer software.

84.36.605 - Sales/leasebacks by regional transit authorities.

84.36.630 - Farming machinery and equipment.

84.36.635 - Property used for the operation of an anaerobic digester.

84.36.640 - Property used for the manufacture of wood biomass fuel.

84.36.645 - Semiconductor materials.

84.36.650 - Property used by certain nonprofits to solicit or collect money for artists.

84.36.655 - Property related to the manufacture of superefficient airplanes.

84.36.660 - Installation of automatic sprinkler system under RCW 19.27.500 through 19.27.520.

84.36.665 - Military housing.

84.36.670 - Senior citizen organizations—Property used for operation of a multipurpose senior citizen center.

84.36.675 - Housing for low-income households provided by limited equity cooperatives.

84.36.800 - Definitions.

84.36.805 - Conditions for obtaining exemptions by nonprofit organizations, associations, or corporations.

84.36.810 - Cessation of use under which exemption granted—Collection of taxes.

84.36.812 - Additional tax payable at time of sale—Appeal of assessed values.

84.36.813 - Change in use—Duty to notify county assessor—Examination—Recommendation.

84.36.815 - Tax exempt status—Initial application—Renewal.

84.36.820 - Renewal notice for exempt property—Failure to file before due date, effect.

84.36.825 - Late filing penalty.

84.36.830 - Review of applications for exemption—Procedure—Approval or denial—Notice.

84.36.833 - Application for exemption or renewal may include all contiguous exempt property.

84.36.835 - List of exempt properties to be prepared and furnished each county assessor.

84.36.840 - Statements—Reports—Information—Filing—Requirements.

84.36.845 - Revocation of exemption approved or renewed due to inaccurate information.

84.36.850 - Review—Appeals.

84.36.855 - Property changing from exempt to taxable status—Procedure.

84.36.860 - Public notice of provisions of act.

84.36.865 - Rules and regulations.

84.36.905 - Effective date—Construction—1973 2nd ex.s. c 40.