WSR 16-09-048

PREPROPOSAL STATEMENT OF INQUIRY

[Filed April 15, 2016, 11:49 a.m.]

Subject of Possible Rule Making: WAC 458-50-160 Exempt intangible property distinguished from other intangibles.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 84.08.010, 84.08.070, and 84.36.865.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The department is considering revisions to WAC 458-50-160 to clarify that the intangible personal property tax exemption provided by RCW 84.36.070 only applies to intangible personal property and not to attributes of property like location, view, zoning regulations, office organization, trained workforce, etc. These "attributes" of property can be considered by the appraiser in determining the fair market value of taxable property.

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 at dor.wa.gov.

Written comments may be submitted by mail and should be directed to Jay M. Jetter, ITA Division, P.O. Box 47453, Olympia, WA 98504-7453, e-mail jayj@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 May 26, 2016, 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.

April 15, 2016

Kevin Dixon

Rules Coordinator