RCW 82.89.050
119 words·~1 min read·
/wa/title-82/chapter-82-89/82-89-050·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The recipient of a deferral certificate under RCW 82.89.040 must begin meaningful construction on an eligible investment project within two years of receiving a deferral certificate unless construction was delayed due to circumstances beyond the recipient's control. Lack of funding is not considered a circumstance beyond the recipient's control.
(2)If the recipient does not begin meaningful construction on an eligible investment project within two years of receiving a deferral certificate, the deferral certificate issued under RCW 82.89.040 is invalid and taxes deferred under this chapter are due immediately.
[ 2022 c 185 s 5 .]
Notes:
Tax preference performance automatic expiration exception — Tax preference performance statement — 2022 c 185: See notes following RCW 82.89.070 .