This bill establishes a new section in chapter 47.01 RCW that allows the Washington State Department of Transportation to apply for deferral of state and local sales and use taxes related to the site preparation, construction, acquisition of machinery and equipment, and rental of equipment for the state route number 520 corridor improvements - west end project. The application process is outlined, requiring submission to the Department of Revenue, which must approve the application within 60 days if it meets specified requirements. The bill stipulates that no new deferral certificates can be issued once the project is operationally complete, and it details the repayment schedule for deferred taxes, which begins in the 24th year after the project is certified as complete.

Additionally, the bill clarifies that interest will not be charged on deferred taxes during the deferral period, although penalties for delinquent payments may still apply. It also states that applications and related information are not confidential and are subject to disclosure. The provisions of RCW 82.32.805 and 82.32.808 are explicitly excluded from this act, and the bill is declared an emergency measure, taking effect immediately to support public safety and state government functions.

Statutes affected:
Original Bill: 47.56.870
Substitute Bill: 47.56.870