INTERPRETIVE OR POLICY STATEMENT
DEPARTMENT OF REVENUE
[Filed November 5, 2019, 2:51 p.m.]
INTERPRETIVE STATEMENT ISSUED
The department of revenue has issued the following excise tax advisory (ETA):
ETA 3216.2019 The Real Estate Excise Tax Controlling Interest Transfer 36-Month Lookback Period
This ETA addresses how real estate excise tax (REET) applies to transfers of controlling interests in real property-holding entities after changes resulting from 2019 legislation, ESSB 5998. This legislation extended the twelve-month period in RCW 82.45.010
(2) for considering controlling interest transfers to thirty-six months.
A copy of this document is available via the internet at Rule and Tax Advisory Adoptions and Repeals.
Tax Policy Manager