82.94.030 – Tax deferral certificates.
RCW 82.94.030 Tax deferral certificates. (Expires July 1, 2032.) (1) 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 deferrals granted under […]
82.94.040 – Requirements for recipients—Meaningful construction.
RCW 82.94.040 Requirements for recipients—Meaningful construction. (1) The recipient of a deferral certificate under RCW 82.94.030 must begin meaningful construction on an eligible investment project within two years of receiving a deferral certificate, unless construction was delayed due to circumstances beyond the recipient’s control. Lack of funding is not considered a circumstance beyond the recipient’s […]
82.92.070 – Certificate of occupancy—Process after issuance.
RCW 82.92.070 Certificate of occupancy—Process after issuance. (1) Within 30 days of the issuance of a certificate of occupancy for an eligible investment project, the conditional recipient must file with the city the following: (a) A description of the work that has been completed and a statement that the eligible investment project qualifies the property […]
82.92.030 – Requirements for applicants.
RCW 82.92.030 Requirements for applicants. An owner of underdeveloped property seeking a sales and use tax deferral under this chapter on an investment project must complete the following procedures: (1) The owner must apply to the city on forms adopted by the governing authority. The application must contain the following: (a) Information setting forth the […]
82.92.040 – Conditional certification.
RCW 82.92.040 Conditional certification. The duly authorized administrative official or committee of the city may approve the application and grant a conditional certificate of program approval if it finds that: (1)(a) The investment project is set aside primarily for multifamily housing units and the applicant commits to renting or selling at least 50 percent of […]
82.92.050 – Approval of applications—Appeals.
RCW 82.92.050 Approval of applications—Appeals. (1) The duly authorized administrative official or committee of the city must approve or deny an application filed under this chapter within 90 days after receipt of the application. (2) If the application is approved, the city must issue the applicant a conditional certificate of program approval. The certificate must […]
82.92.060 – Application fee.
RCW 82.92.060 Application fee. The governing authority may establish an application fee. This fee may not exceed an amount determined to be required to cover the cost to be incurred by the governing authority in administering the program under this chapter. The application fee must be paid at the time the application for program approval […]
82.90.040 – Tax deferral certificates.
RCW 82.90.040 Tax deferral certificates. 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. [ 2022 c 161 § 4.] NOTES: Tax preference performance statement—2022 c 161: “This section is the tax […]
82.90.050 – Requirements for recipients—Meaningful construction.
RCW 82.90.050 Requirements for recipients—Meaningful construction. (1) The recipient of a deferral certificate under RCW 82.90.040 must begin meaningful construction on an eligible investment project within one year of receiving a deferral certificate, unless construction was delayed due to circumstances beyond the recipient’s control. Lack of funding is not considered a circumstance beyond the recipient’s […]
82.90.060 – Tax reduction—Rules.
RCW 82.90.060 Tax reduction—Rules. (1) Except as otherwise provided in this chapter, the recipient of the deferral under this chapter must receive a reduction of the amount of state and local sales and use tax to be repaid under chapter 161, Laws of 2022 as follows: (a) Fifty percent of the sales and use tax […]