2015 Revised Code of Washington
Title 82 - EXCISE TAXES
82.29A Leasehold excise tax.
82.29A.120 Allowable credits.
RCW 82.29A.120 Allowable credits.
After computation of the taxes imposed pursuant to RCW 82.29A.030 and 82.29A.040, the following credits are allowed in determining the tax payable:
(1) For lessees and sublessees who would qualify for a property tax exemption under RCW 84.36.381 if the property were privately owned, the tax otherwise due after this credit shall be reduced by a percentage equal to the percentage reduction in property tax that would result from the property tax exemption under RCW 84.36.381; and
(2) A credit of thirty-three percent of the tax otherwise due is allowed with respect to a product lease.
[2013 c 235 § 3; 1994 c 95 § 2; 1986 c 285 § 2; 1975-'76 2nd ex.s. c 61 § 12.]
NOTES:
Effective date—1994 c 95: See note following RCW 82.29A.060.
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