RCW 82.87.030: Distribution of revenues.

RCWs > Title 82 > Chapter 82.87 > Section 82.87.030

82.87.020 << 82.87.030 >> 82.87.040

(1) All taxes, interest, and penalties collected under this chapter shall be distributed as follows:

(a) The first $500,000,000 collected each fiscal year shall be deposited into the education legacy trust account created in RCW 83.100.230; and

(b) Any remainder collected each fiscal year shall be deposited into the common school construction account [fund].

(2) The amounts specified under subsection (1)(a) of this section shall be adjusted annually as provided under RCW 82.87.150.

Automatic expiration date and tax preference performance statement exemption—2021 c 196: See note following RCW 82.87.010.