Section 35.21.756. Tax exemption—Sales/leasebacks by regional transit authorities.

Latest version.

A city or town may not impose taxes on amounts received as lease payments paid by a seller/lessee to a lessor under a sale/leaseback agreement under RCW 81.112.300 in respect to tangible personal property used by the seller/lessee, or to the purchase amount paid by the lessee under an option to purchase at the end of the lease term.

[ 2000 2nd sp.s. c 4 § 28.]

NOTES:
Findings—Construction—2000 2nd sp.s. c 4 §§ 18-30: See notes following RCW 81.112.300.

2000 2nd sp.s. c 4 § 28.

                    
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