WSR 10-01-066

INTERPRETIVE 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