§ 82.32.062. Additional offset for excess payment of sales tax
In addition to the procedure set forth in RCW 82.32.060 and as an exception to the four-year period explicitly set forth in RCW 82.32.060, an offset for a tax that has been paid in excess of that properly due may be taken under the following conditions: (1) The tax paid in excess of that properly due was sales tax paid on the purchase of property acquired for leasing; (2) the taxpayer was at the time of purchase entitled to purchase the property at wholesale under RCW 82.04.060; and (3) the taxpayer substantiates that sales tax was paid at the time of purchase and that there was no intervening use of the equipment by the taxpayer. The offset is applied to and reduced by the amount of retail sales tax otherwise due from the beginning of lease of the property until the offset is extinguished.
[2002 c 57 § 1.]
Sections: Previous 82.32.026 82.32.030 82.32.033 82.32.045 82.32.050 82.32.055 82.32.060 82.32.062 82.32.065 82.32.070 82.32.080 82.32.085 82.32.087 82.32.090 82.32.100 NextLast modified: April 7, 2009