Washington § 82.04.4284 - Deductions — Bad debts.

Full text of Washington Revised Code of Washington § 82.04.4284 — Deductions — Bad debts., with citation guidance and answers to common questions.

§ 82.04.4284. Deductions — Bad debts.

(1) In computing tax there may be deducted from the measure of tax bad debts, as that term is used in 26 U.S.C. Sec. 166, as amended or renumbered as of January 1, 2003, on which tax was previously paid.
(2) For purposes of this section, "bad debts" do not include:
(a) Amounts due on property that remains in the possession of the seller until the full purchase price is paid;
(b) Expenses incurred in attempting to collect debt;
(c) Sales or use taxes payable to a seller; and
(d) Repossessed property.
(3) If a deduction is taken for a bad debt and the debt is subsequently collected in whole or in part, the tax on the amount collected must be paid and reported on the return filed for the period in which the collection is made.
(4) Payments on a previously claimed bad debt must be applied under RCW 82.08.037(4) and 82.12.037, according to such rules as the department may prescribe.
[ 2004 c 153 s 307; 1980 c 37 s 5. Formerly RCW 82.04.430(4).]

Notes

Retroactive effective date—Effective date—2004 c 153: See note following RCW 82.08.0293.
Intent—1980 c 37: See note following RCW 82.04.4281.

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Frequently Asked Questions About Washington § 82.04.4284

What does Revised Code of Washington § 82.04.4284 cover?

Section 82.04.4284 ("Deductions — Bad debts.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 82.04.4284?

A common citation format is "Revised Code of Washington § 82.04.4284" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

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