WSR 07-01-118

PREPROPOSAL STATEMENT OF INQUIRY

DEPARTMENT OF REVENUE


[ Filed December 20, 2006, 11:19 a.m. ]

Subject of Possible Rule Making: WAC 458-61A-113 Real estate excise tax on sales of standing timber.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 82.32.300 and 82.45.150.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: WAC 458-61A-113 provides reporting information to persons who sell standing timber in Washington. The rule explains who is liable for the tax imposed by chapter 82.45 RCW, and how and when the tax is paid.

The department anticipates revising WAC 458-61A-113 to update existing information, to better reflect current industry practices, and to provide clear direction to both taxpayers and the department's auditors regarding the correct treatment of these sales for state tax purposes.

Process for Developing New Rule: Parties interested in this rule making may contact the individual listed below. The public may also participate by providing written comments throughout this rule making or giving oral testimony at the public meeting or public hearing.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication. Written comments may be submitted by mail, fax, or at the public meeting. Oral comments will be accepted at the public meeting. A preliminary draft of possible rule changes is available for viewing and printing on our web site at http://dor.wa.gov/content/laws/RuleMaking/default.aspx. Written comments on and/or requests for copies of the rule may be directed to Margaret J. Partlow, Policy Counsel, Interpretations and Technical Advice Division, P.O. Box 47453, Olympia, WA 98504-7453, e-mail margaretpa@dor.wa.gov, phone (360) 570-6123, fax (360) 586-5543.

Public Meeting Location: Capital Plaza Building, 4th Floor Large Executive Conference Room, 1025 Union Avenue S.E., Olympia, WA, on January 24, 2007, at 2:00 p.m.

Assistance for Persons with Disabilities: Contact Sandy Davis no later than ten days before the meeting date, TTY 1-800-451-7985 or (360) 725-7499.

December 20, 2006

Alan R. Lynn

Rules Coordinator

Washington State Code Reviser's Office