Washington § 82.92.120 - Transfer of project ownership.

Full text of Washington Revised Code of Washington § 82.92.120 — Transfer of project ownership., with citation guidance and answers to common questions.

§ 82.92.120. Transfer of project ownership.

(1) Transfer of investment project ownership does not terminate the deferral. The deferral is transferred subject to the successor meeting the eligibility requirements of this chapter.
(2) The transferor of an eligible project must notify the city and the department of such transfer. The city must certify to the department that the successor meets the requirements of the deferral. The transferor must provide the information necessary for the department to transfer the deferral. If the transferor fails to notify the city and the department, all deferred sales and use taxes are immediately due and payable. The department must assess interest at the rate provided for delinquent taxes and penalties retroactively to the date of deferral.
[ 2022 c 241 s 14.]

Notes

Tax preference performance statement—2022 c 241: See note following RCW 82.92.030.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 82.92.120

What does Revised Code of Washington § 82.92.120 cover?

Section 82.92.120 ("Transfer of project ownership.") 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 § 82.92.120?

A common citation format is "Revised Code of Washington § 82.92.120" (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 § 82.92.120 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.