WSR 10-01-066INTERPRETIVE STATEMENT
DEPARTMENT OF REVENUE
[
Filed December 11, 2009,
10:29 a.m.
]
INTERPRETIVE STATEMENT ISSUED
ETA 3158.2009
Eligibility for the B&O Tax Exemption for Wholesale Sales
Between New Car Dealers When Making a Purchase Under an Asset
Purchase Agreement
This excise tax advisory explains how the B&O tax
exemption provided by RCW 82.04.422(2) for wholesale sales of
new motor vehicles between new car dealers applies when the
sale is made under the terms of an "asset purchase agreement"
(APA). A copy of this document is available via the internet at
http://dor.wa.gov/content/FindALawOrRule/ETA/default.aspx.
Alan R. Lynn
Rules Coordinator
© Washington State Code Reviser's Office