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82.74.020 Application for tax deferral.

WA Rev Code § 82.74.020 (2019) (N/A)
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RCW 82.74.020 Application for tax deferral.

(1) Application for deferral of taxes under this chapter must be made before initiation of the construction of the investment project or acquisition of equipment or machinery. The application shall be made to the department in a form and manner prescribed by the department. The application shall contain information regarding the location of the investment project, the applicant's average employment in the state for the prior year, estimated or actual new employment related to the project, estimated or actual wages of employees related to the project, estimated or actual costs, time schedules for completion and operation, and other information required by the department.

(2) The department shall rule on the application within sixty days. The department shall keep a running total of all deferrals granted under this chapter during each fiscal biennium.

(3) No application may be made under this chapter for a project for which a refund is requested under RCW 82.08.820 or 82.12.820.

[ 2005 c 513 § 5.]

NOTES:

Effective dates—2005 c 513: See note following RCW 82.04.4266.

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82.74.020 Application for tax deferral.