INTERPRETIVE OR POLICY STATEMENT
The Department of Revenue has cancelled the following Interim Audit Guideline effective June 30, 2002.
IAG 04. Taxability of investment income: The purpose of this document is to provide guidance regarding the application of the business and occupation (B&O) tax deduction provided in RCW 82.04.4281 for investment income of persons other than those engaging in "banking, loan, security, or other financial business." This document is being cancelled because the information is out-of-date. It fails to recognize that chapter 150, Laws of 2002 (HB 2641), made substantial changes to RCW 82.04.4281.
Questions regarding the cancellation of this document may be directed to Alan R. Lynn, Legislation and Policy, P.O. Box 47467, Olympia, WA 98504-7467, phone (360) 570-6125, fax (360) 664-0693, Internet email@example.com.
Alan R. Lynn