TAXES - MORTGAGES - INTEREST
Availability of a deduction from business and occupation tax for mortgage brokers on “loan origination fees” or “points” Payments to a mortgage broker in connection with a mortgage or deed of trust denominated as “loan origination fees” or “points” are not deductible from the business and occupation tax as “interest” where the fees are provided in compensation for services performed. Availability of the deduction in particular instances depends upon the factual circumstances surrounding the transaction, including the services performed by the mortgage broker.
COUNTIES - ASSESSOR - TAXES - VALUATION OF PROPERTY
PRESUMPTION OF CORRECTNESS In an appeal to the State Board of Tax Appeals from a county board of equalization, the presumption of correctness established by RCW 84.40.0301 in valuation of property for taxation applies to the determination of the assessor, not that of the board of equalization.
TAXES - FEDERAL AND PROPERTY - VETERANS - PROPERTY TAXES
TAXES - PROPERTY TAXES, FEDERAL AND PROPERTY - VETERAN'S ADMINISTRATION Real property deeded by a mortgagor to the Veterans' Administration in lieu of foreclosure action remains subject to state and county ad valorem taxes.
MUNICIPAL CORPORATIONS - TAXES - ORDINANCES - RETROACTIVE CONSTRUCTION
MUNICIPAL CORPORATIONS ‑- TAXES ‑- ORDINANCES ‑- RETROACTIVE CONSTRUCTION A municipal ordinance amending a prior ordinance may not be construed and applied retroactively unless a contrary intention is manifested by the most clear and unequivocal expression.
TAXES - PUBLIC UTILITY DISTRICTS
TAXES ‑- PUBLIC UTILITY DISTRICTS A public utility district may not deduct from sales reported pursuant to RCW 54.28.020, current which is sold to members of an electric cooperative who are served pursuant to a lease‑purchase agreement with the cooperative whereunder 60% of the revenues are applied to retire the cooperative's debts and the remainder retained by the district.
ELECTIONS - TAXES - BALLOT TITLE - SCHOOL DISTRICT ELECTIONS AND EXCESS LEVIES
ELECTIONS ‑- TAXES ‑- BALLOT TITLE ‑- SCHOOL DISTRICT ELECTIONS AND EXCESS LEVIES 1955 School District levies are to be imposed upon assessed valuations determined pursuant to Ch. 253, Laws of 1955. A proposition for an excess levy stated in terms of rate of levy authorizes a levy to the full extent of the stated rate although the proposition also states that such levy will yield an approximate sum of money.
TAXES - PERSONAL PROPERTY - DESTRUCTION OF THE PROPERTY
TAXES ‑- PERSONAL PROPERTY ‑- DESTRUCTION OF THE PROPERTY The tax on personal property destroyed between January 1 and the levy date remains valid.
HOSPITAL DISTRICTS - TAXES - GENERAL OBLIGATION BONDS
HOSPITAL DISTRICTS ‑- TAXES ‑- GENERAL OBLIGATION BONDS The governing body of a hospital district can refund outstanding general obligation bonds for capital purposes only, and provide for an annual levy in excess of the forty mill limit for the payment thereof, subject to the limitation that the annual levy authorized for the bonds being refunded cannot be exceeded.
FIRE PROTECTION DISTRICTS - TAXES - MAXIMUM LEVIES
FIRE PROTECTION DISTRICTS ‑- TAXES ‑- MAXIMUM LEVIES The maximum levy, exclusive of any levy for retirement of general obligation bonds, which may be made by a fire protection district is six mills unless by a special election the voters of the district authorize an excess levy.
TAXES - COMPUTATION OF FORTY MILL LEVY LIMITATION - EFFECT OF EXCESSIVE MILLAGE RESULTING FROM COUNTY ASSESSOR'S COMPUTATION
TAXES ‑- COMPUTATION OF FORTY MILL LEVY LIMITATION. EFFECT OF EXCESSIVE MILLAGE RESULTING FROM COUNTY ASSESSOR'S COMPUTATION
In computing the aggregate of property tax levied by the state and the local taxing districts, for the purpose of complying with the constitutional and statutory forty mill aggregate limitations and with the statutes apportioning the rates of levy to the state and the various taxing districts, the rate of the state levy should be determined with reference to the assessed valuation of the property of the county as equalized by the state board of equalization; the rates of levy by the other taxing authorities are determined with reference to the values as equalized by the county board of equalization.
TAXES - COUNTY'S LIEN FOR ATTACHMENT TO PROCEEDS OF INSURANCE WHEN BUILDINGS DESTROYED
TAXES ‑- COUNTY'S LIEN FOR ATTACHMENT TO PROCEEDS OF INSURANCE WHEN BUILDINGS DESTROYED In the case of real property the lien for delinquent taxes does not attach to the proceeds of insurance covering any buildings on the realty destroyed by fire.
TAXES - LEVY - FIRST CLASS SCHOOL DISTRICT BUDGETS - RIGHT OF COUNTY COMMISSIONERS TO QUESTION AMOUNTS ASKED
TAXES ‑- LEVY ‑- FIRST CLASS SCHOOL DISTRICT BUDGETS ‑- RIGHT OF COUNTY COMMISSIONERS TO QUESTION AMOUNTS ASKED In levying a tax for purposes of school district of the first class, the board of county commissioners act ministerially and may not question the need of the amounts asked.
TAXES - THREE MILL LEVY BY METROPOLITAN PARK DISTRICTS
TAXES -- THREE MILL LEVY BY METROPOLITAN PARK DISTRICTS Chapters 229, 230 and 231, Laws of 1949, do not preempt for the state the three mill tax levy authorized for Metropolitan Park District purposes until the legislature specifically so provides.
OFFICES AND OFFICERS - STATE - LIQUOR BOARD - TAXES - COUNTIES - ALCOHOLISM ADMINISTRATIVE BOARDS - RECEIPT OF LIQUOR TAXES BY CITIES AND COUNTIES
OFFICES AND OFFICERS ‑- STATE ‑- LIQUOR BOARD ‑- TAXES ‑- COUNTIES ‑- ALCOHOLISM ADMINISTRATIVE BOARDS ‑- RECEIPT OF LIQUOR TAXES BY CITIES AND COUNTIES Extent to which an alcoholism administrative board is required in order for a city and county to receive liquor taxes and profits under chapter 70.96 RCW, as amended by chapter 155, Laws of 1973, 1st Ex. Sess.
COUNTIES - COUNTY TREASURERS - MUNICIPAL CORPORATIONS - TAXES - INTEREST
Sweeping Interest And Investment Returns Into County Current Expense Fund
RCW 36.29.020 allows a county treasurer to allocate the interest and investment returns earned on the investment of a county’s own funds into the county current expense fund, except for county funds as to which the legislature has specifically provided that interest and investment returns are to be dedicated to a specific purpose, or be retained in their original fund.