(1) Each recipient of a deferral of taxes granted under this chapter must file a complete annual tax performance report with the department under RCW
82.32.534. If the economic benefits of the deferral are passed to a lessee as provided in RCW
82.75.010(5), the lessee must file a complete annual tax performance report, and the applicant is not required to file the annual tax performance report.
(2) A recipient who must repay deferred taxes under RCW
82.75.040(2) because the department has found that an investment project is used for purposes other than qualified biotechnology product manufacturing or medical device manufacturing activities is no longer required to file annual tax performance reports under RCW
82.32.534 beginning on the date an investment project is used for nonqualifying purposes.