Exemptions—Sales/leasebacks by regional transit authorities.
This chapter does not apply to the use of tangible personal property by a seller/lessee under a sale/leaseback agreement under RCW
81.112.300 in respect to tangible personal property used by the seller/lessee, or to the use of tangible personal property under an exercise of an option to purchase at the end of the lease term, but only if the seller/lessee previously paid any tax otherwise due under this chapter or chapter
82.08 RCW at the time of acquisition of the tangible personal property.
NOTES:
Effective date—2001 c 320: See note following RCW
11.02.005.
Findings—Construction—2000 2nd sp.s. c 4 ss 18-30: See notes following RCW
81.112.300.