Washington § 82.85.080 - Annual tax performance report.

Full text of Washington Revised Code of Washington § 82.85.080 — Annual tax performance report., with citation guidance and answers to common questions.

§ 82.85.080. Annual tax performance report.

(1) Each recipient of a deferral of taxes granted under this chapter must file a complete annual tax performance report with the department under RCW 82.32.534. If the economic benefits of the deferral are passed to a lessee as provided in RCW 82.85.030, the lessee must file a complete annual tax performance report, and the applicant is not required to file a complete annual tax performance report.
(2) If, on the basis of a tax performance report under RCW 82.32.534 or other information, the department finds that an investment project is not eligible for tax deferral under this chapter due to the fact the investment project is no longer used for qualified activities, the amount of deferred taxes outstanding for the investment project is immediately due and payable.
(3) If the economic benefits of a tax deferral under this chapter are passed to a lessee as provided in RCW 82.85.030, the lessee is responsible for payment to the extent the lessee has received the economic benefit.
[ 2020 c 139 s 48; 2015 3rd sp.s. c 6 s 408.]

Notes

Application—2015 3rd sp.s. c 6 ss 406-409: See note following RCW 82.85.060.
Effective dates—2015 3rd sp.s. c 6: See note following RCW 82.04.4266.

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Frequently Asked Questions About Washington § 82.85.080

What does Revised Code of Washington § 82.85.080 cover?

Section 82.85.080 ("Annual tax performance report.") 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 § 82.85.080?

A common citation format is "Revised Code of Washington § 82.85.080" (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.

How does Washington § 82.85.080 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.