82.45.035  <<  82.45.060 >>   82.45.065

RCW 82.45.060

Tax on sale of property.

*** CHANGE IN 2017 *** (SEE 1677-S.SL) ***

There is imposed an excise tax upon each sale of real property at the rate of one and twenty-eight one-hundredths percent of the selling price. Beginning July 1, 2013, and ending June 30, 2019, an amount equal to two percent of the proceeds of this tax must be deposited in the public works assistance account created in RCW 43.155.050, and an amount equal to four and one-tenth percent must be deposited in the education legacy trust account created in RCW 83.100.230. Thereafter, an amount equal to six and one-tenth percent of the proceeds of this tax to the state treasurer must be deposited in the public works assistance account created in RCW 43.155.050. Except as otherwise provided in this section, an amount equal to one and six-tenths percent of the proceeds of this tax to the state treasurer must be deposited in the city-county assistance account created in RCW 43.08.290.
NOTES:
IntentEffective dates2013 2nd sp.s. c 9: See notes following RCW 28A.150.220.
Effective dates2011 1st sp.s. c 50: See note following RCW 15.76.115.
Effective date2011 1st sp.s. c 48: See note following RCW 39.35B.050.
Effective date2005 c 450: "This act takes effect August 1, 2005." [ 2005 c 450 § 4.]
ConstructionSeverabilityEffective dates1983 2nd ex.s. c 3: See notes following RCW 82.04.255.
SeverabilityEffective dates1982 1st ex.s. c 35: See notes following RCW 82.08.020.
PurposeEffective datesSavingsDisposition of certain fundsSeverability1980 c 154: See notes following chapter digest.
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