WSR 10-10-025

INTERPRETIVE STATEMENT

DEPARTMENT OF REVENUE


[ Filed April 26, 2010, 1:59 p.m. ]


INTERPRETIVE STATEMENT ISSUED


ETA 3043.2010

Income Low-Density Light and Power Utility Deduction



The department of revenue has revised Excise Tax Advisory 3043.2009 Low-density light and power utility deduction (ETA 3043). This advisory explains the public utility tax deduction provided by RCW 82.16.053 to qualifying power and light businesses.

RCW 82.16.053 requires that the department determine the state average electric power rate each year and inform taxpayers of this rate. This rate is used by the power and light business to compute the amount of the deduction. The revised ETA 3043 updates the information to provide the rate to be used for the period of July 2010 through June 2011.

A copy of this document is available via the internet at Recent Rule and Interpretive Statements, Adoptions, and Repeals.

Alan R. Lynn

Rules Coordinator

Washington State Code Reviser's Office