82.12.995  <<  82.12.996 >>   82.12.998

ExemptionsBattery-powered electric marine propulsion systemsQualifying vessels. (Expires July 1, 2025.)

(1) The tax imposed by RCW 82.12.020 does not apply to the use of:
(a) New battery-powered electric marine propulsion systems with continuous power greater than fifteen kilowatts; and
(b) New vessels equipped with propulsion systems that qualify under (a) of this subsection.
(2) Sellers may make tax exempt sales under this section only if the buyer provides the seller with an exemption certificate in a form and manner prescribed by the department. The seller must retain a copy of the certificate for the seller's files.
(3) On the last day of January, April, July, and October of each year, the state treasurer, based upon information provided by the department, must transfer from the multimodal transportation account to the general fund a sum equal to the dollar amount that would otherwise have been deposited into the general fund during the prior calendar quarter but for the exemption provided in this section. Information provided by the department to the state treasurer must be based on the best available data, except that the department may provide estimates of taxes exempted under this section until such time as retailers are able to report such exempted amounts on their tax returns.
(4) For the purposes of this section, "battery-powered electric marine propulsion system" and "vessel" have the same meanings as provided in *section 22 of this act.
(5) This section expires July 1, 2025.

NOTES:

*Reviser's note: This reference is erroneous; RCW 82.08.996 was intended.
Tax preference performance statement2019 c 287 §§ 21 and 22: See note following RCW 82.08.996.
Effective date2019 c 287: See note following RCW 82.29A.125.
FindingsIntent2019 c 287: See note following RCW 28B.30.903.
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