WSR 15-21-091

PREPROPOSAL STATEMENT OF INQUIRY

[Filed October 21, 2015, 9:43 a.m.]

Subject of Possible Rule Making: WAC 458-20-19404 (Rule 19404) Financial institution—Income apportionment and 458-20-19404A (Rule 19404A) Financial institution—Income apportionment.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 82.01.060, 82.04.460, and 82.32.300.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: These rules explain how financial institutions apportion their income under single factor receipts apportionment. Specifically, Rule 19404A will cover the period June 1, 2010, through December 31, 2015, and Rule 19404 will cover periods after December 31, 2015. The rules are consistent with the model method of apportionment adopted by the Multistate Tax Commission.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.

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. A preliminary draft of possible rule changes is available via the department's online Rules Agenda.

Written comments may be submitted by mail and should be directed to Chris Coffman, ITA Division, P.O. Box 47453, Olympia, WA 98504-7453, e-mail ChrisC@dor.wa.gov.

Written and oral comments will be accepted at the public meeting.

Public Meeting Location: Capital Plaza Building, 4th Floor Executive Conference Room, 1025 Union Avenue S.E., Olympia, WA, on December 2, 2015, at 10:00 a.m. Call-in option can be provided upon request no later than three days before the meeting date.

Assistance for Persons with Disabilities: Contact Mary Carol LaPalm, (360) 725-7499, or Renee Cosare, (360) 725-7514, no later than ten days before the meeting date. For hearing impaired please contact us via the Washington relay operator at (800) 833-6384.

October 21, 2015

Kevin Dixon

Rules Coordinator