Washington § 82.85.030 Deferral eligibility—Lessor or owner of qualified building.

Washington Statutes

§ 82.85.030 — Deferral eligibility—Lessor or owner of qualified building.

Washington § 82.85.030

Title 82EXCISE TAXES

Ch. 82.85JOB CREATION AND ECONOMIC DEVELOPMENT INVESTMENT INCENTIVES—PILOT PROGRAM

This text of Washington § 82.85.030 (Deferral eligibility—Lessor or owner of qualified building.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 82.85.030 (2026).

Text

The lessor or owner of a qualified building is not eligible for a deferral unless:

(1)The underlying ownership of the building, machinery, and equipment vests exclusively in the same person; or

(2)(a) The lessor by written contract agrees to pass the economic benefit of the deferral to the lessee;

(b)The lessee that receives the economic benefit of the deferral agrees in writing with the department to complete the annual tax performance report required under RCW 82.32.534 ; and

(c)The economic benefit of the deferral passed to the lessee is no less than the amount of tax deferred by the lessor and is evidenced by written documentation of any type of payment, credit, or other financial arrangement between the lessor or owner of the qualified building and the lessee. Reviser's note:

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The lessor or owner of a qualified building is not eligible for a deferral unless:

(1) The underlying ownership of the building, machinery, and equipment vests exclusively in the same person; or

(2)(a) The lessor by written contract agrees to pass the economic benefit of the deferral to the lessee;

(b) The lessee that receives the economic benefit of the deferral agrees in writing with the department to complete the annual tax performance report required under RCW 82.32.534 ; and

(c) The economic benefit of the deferral passed to the lessee is no less than the amount of tax deferred by the lessor and is evidenced by written documentation of any type of payment, credit, or other financial arrangement between the lessor or owner of the qualified building and the lessee.

Reviser's note: For information on the expiration of tax preferences, see RCW 82.32.805 .

Effective dates — 2015 3rd sp.s. c 6: See note following RCW 82.04.4266 .