Draft Tax Advisories (ETAs & PTAs)

Brief Description

This Excise Tax Advisory (ETA) is to provide guidance on the business and occupation (B&O) tax deduction for interest received on loans or investments secured by a first mortgage or deed of trust. The ETA has been updated to include information on the limitation in RCW 82.04.29005, and additional updates and examples.

Draft

ETA 3076 - Deductibility of Interest Received on Investments or Loans Primarily Secured by First Mortgages or Trust Deeds on Nontransient Residential Properties.

Planned Stakeholder Meetings

None at this time.

Public Comment Period

The Department requests comments and stakeholder feedback related to this Draft ETA no later than April 21, 2023. After a review of the feedback, if any, the Department will consider the appropriate next steps in the process.

General Questions and/or How to Make a Public Comment

If you wish to make a public comment or have general questions about this ETA, contact Jason Andre at JasonA@dor.wa.gov. Any written comments received will be retained as part of the official Tax Advisory File.

Brief description

This ETA addresses the application of the exemption provided by RCW 82.04.320 (the “insurance business exemption”).

Draft ETA

ETA XXXX – Insurance Business Exemption

Planned stakeholder meetings

None at this time.

Public comment period

The Department requests comments and stakeholder feedback related to this Draft ETA no later than July 20, 2022. After a review of the feedback, if any, the Department will consider the appropriate next steps in the process.

General questions and/or how to make a public comment

If you wish to make a public comment or have general questions about this ETA, contact Patrick Murphy at PatrickM@dor.wa.gov. Any written comments received will be retained as part of the official Tax Advisory File.

Brief Description

The purpose of this ETA is to address the taxability of non-fungible tokens, or NFTs.

Draft ETA

Draft ETA XXXX - Taxability of Non-Fungible Tokens (NFTs)

Planned Stakeholder Meetings

Public Listening Session

October 20, 2022, at 10 AM

Public Comment Period 

The Department requests comments and stakeholder feedback related to this Draft ETA no later than December 30, 2022. After a review of the feedback, if any, the Department will consider the appropriate next steps in the process.

General Questions and/or How to Make a Public Comment

If you wish to make a public comment or have general questions about this ETA, contact Nikki Bizzarri at NikkiB@dor.wa.gov. Any written comments received will be retained as part of the official Tax Advisory File.