Transfer of sales and use tax on toll projects.
(1) The tax imposed and collected under chapters
82.08 and
82.12 RCW, less any credits allowed under chapter
82.14 RCW, on initial construction for a transportation project to be constructed under chapter
36.120 RCW, must be transferred to the transportation project to defray costs or pay debt service on that transportation project. In the case of a toll project, this transfer or credit must be used to lower the overall cost of the project and thereby the corresponding tolls.
(2) This transaction is exempt from the requirements in *RCW
43.135.035(4).
(3) Government entities constructing transportation projects under chapter
36.120 RCW shall report to the department the amount of state sales or use tax covered under this section.
NOTES:
*Reviser's note: RCW
43.135.035 was repealed by
2011 c 1 s 3 (Initiative Measure No. 1053) without cognizance of its amendment by 2010 c 4 s 2. 2010 c 4 s 2 was subsequently repealed by 2013 c 1 s 3 (Initiative Measure No. 1185, approved November 6, 2012).