PREPROPOSAL STATEMENT OF INQUIRY
DEPARTMENT OF REVENUE
[Filed November 6, 2018, 10:38 a.m.]
Subject of Possible Rule Making: WAC 458-61A-103 Transfers involving an underlying debt.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The department plans to amend WAC 458-61A-103. WAC 458-61A-103(1), which is derived from RCW 82.45.030
(3), discusses debt remaining at the time of sale as part of the consideration subject to the real estate excise tax. Additional wording derived from RCW 82.45.030
(3), is added for clarification. Current WAC 458-61A-103(2) is not supported by chapter 82.45
RCW, Excise tax on real estate sales, and is deleted. WAC 458-61A-103(3) is also deleted as unnecessary when subsection (2) is deleted. The rule is also renumbered to reflect additional examples.
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 by giving oral testimony at the public meeting.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Rex Munger, P.O. Box 47453, Olympia, WA 98504-7453, phone 360-534-1554, fax 360-534-1606, TTY 800-833-6384, email RexM@dor.wa.gov.
Additional comments: Written comments may be submitted by mail or email and should be directed to Rex Munger using one of the contact methods above.
Written and oral comments will be accepted at the public meeting on December 13, 2018, at 1:30, in Conference Room 252, 6400 Linderson Way S.W., Tumwater, WA 98501.
November 6, 2018
Erin T. Lopez