WSR 99-19-108

EXPEDITED ADOPTION

DEPARTMENT OF REVENUE


[ Filed September 20, 1999, 3:57 p.m. ]

Title of Rule: Amendatory section WAC 458-30-590 Rates of inflation.

Purpose: To provide a rate of inflation that is used by county officials to calculate interest on deferred special benefit assessments and/or property taxes when land is removed from classification under chapter 84.34 RCW.

Statutory Authority for Adoption: RCW 84.34.360.

Statute Being Implemented: RCW 84.34.310.

Summary: Special benefit assessments and/or property taxes assessed on farm and agricultural or timber land classified under chapter 84.34 RCW may be deferred by the land owner. If a land owner has chosen to defer either the assessments and/or taxes, when the land is subsequently removed or withdrawn from classification, the deferred special benefit assessments and/or property taxes become due and payable with interest. WAC 458-30-590 provides the rate of inflation used in calculating the interest that is added to the deferred amount of special benefit assessments and/or property taxes.

Reasons Supporting Proposal: RCW 84.34.310(6) authorizes the department to determine the rate of inflation and to publish this rate not later than January 1st of each year for use in that assessment year.

Name of Agency Personnel Responsible for Drafting: Kim M. Qually, 711 Capitol Way South, #303, Olympia, WA, (360) 664-0086; Implementation and Enforcement: Sandy Guilfoil, 6004 Capitol Boulevard, Tumwater, WA, (360) 753-5503.

Name of Proponent: Department of Revenue, governmental.

Rule is not necessitated by federal law, federal or state court decision.

Explanation of Rule, its Purpose, and Anticipated Effects: WAC 458-30-590 provides the rate of inflation used when farm and agricultural or timber land classified under chapter 84.34 RCW is removed or withdrawn from classification. When land is removed or withdrawn, the deferred amounts of special benefit assessments and/or property taxes plus interest are due and payable. This rate of inflation is used to calculate the rate of interest. The revised rule will provide the rate of inflation used to calculate the rate of interest used during assessment year 2000. It will give local taxing officials data they need to properly collect the amount of deferred assessments and/or property taxes plus interest due when farm and agricultural or timber land is removed or withdrawn from classification under chapter 84.34 RCW.

Proposal Changes the Following Existing Rules: The proposed rule amends the current version of WAC 458-30-590. It is being revised to provide the rate of inflation for 1999 that will be used to calculate the amount of interest due when farm and agricultural or timber land is removed or withdrawn from classification under chapter 84.34 RCW during assessment year 2000.

NOTICE

THIS RULE IS BEING PROPOSED TO BE ADOPTED USING AN EXPEDITED RULE-MAKING PROCESS THAT WILL ELIMINATE THE NEED FOR THE AGENCY TO HOLD PUBLIC HEARINGS, PREPARE A SMALL BUSINESS ECONOMIC IMPACT STATEMENT, OR PROVIDE RESPONSES TO THE CRITERIA FOR A SIGNIFICANT LEGISLATIVE RULE. IF YOU OBJECT TO THIS RULE BEING ADOPTED USING THE EXPEDITED RULE-MAKING PROCESS, YOU MUST EXPRESS YOUR OBJECTIONS IN WRITING AND THEY MUST BE SENT TO Kim M. Qually, Counsel, Department of Revenue, P.O. Box 47467, Olympia, WA 98504-7467, fax (360) 664-0693, e-mail kimq@dor.wa.gov , AND RECEIVED BY November 22, 1999.


September 20, 1999

Claire Hesselholt

Rules Manager

Legislation and Policy Division

OTS-3430.1


AMENDATORY SECTION(Amending WSR 99-01-068, filed 12/14/98, effective 1/1/99)

WAC 458-30-590
Rates of inflation.

(1) Introduction. This section sets forth the rates of inflation discussed in WAC 458-30-550.

(2) Rates of inflation. The rates of inflation to be used for calculating the interest as required by WAC 458-30-550 are as follows:


YEAR PERCENT YEAR PERCENT
1976 5.6 1977 6.5
1978 7.6 1979 11.3
1980 13.5 1981 10.3
1982 6.2 1983 3.2
1984 4.3 1985 3.5
1986 1.9 1987 3.7
1988 4.1 1989 4.8
1990 5.4 1991 4.2
1992 3.3 1993 2.7
1994 2.2 1995 2.3
1996 2.2 1997 2.1
1998 0.85 1999 1.4 2

[Statutory Authority: RCW 84.34.360 and 84.34.310.  99-01-068, 458-30-590, filed 12/14/98, effective 1/1/99; 98-01-179, 458-30-590, filed 12/23/97, effective 1/1/98; 97-02-067, 458-30-590, filed 12/31/96, effective 1/1/97; 96-01-094, 458-30-590, filed 12/19/95, effective 1/1/96; 95-06-043, 458-30-590, filed 2/24/95, effective 3/27/95.  Statutory Authority: RCW 84.34.360.  94-11-098, 458-30-590, filed 5/17/94, effective 6/17/94; 92-22-061, 458-30-590, filed 10/29/92, effective 11/29/92.  Statutory Authority: RCW 84.08.010 and 84.08.070.  90-24-087, 458-30-590, filed 12/5/90, effective 1/5/91.  Statutory Authority: Chapter 84.34 RCW and RCW 84.34.360.  89-05-010 (Order PT 89-3), 458-30-590, filed 2/8/89.  Statutory Authority: RCW 84.34.360.  88-07-004 (Order PT 88-4), 458-30-590, filed 3/3/88; 87-07-009 (Order PT 87-3), 458-30-590, filed 3/10/87.]

Washington State Code Reviser's Office