Washington State

Office of the Attorney General

Attorney General

Bob Ferguson

AGO 1960 NO. 100 > Feb 10 1960

(1) The transfer of real property to a corporation by the sole stockholder, the consideration being the issuance of common stock to said stockholder, constitutes a sale under chapter 28.45 RCW, the real estate excise tax statute.  (2) The board of county commissioners is not legally authorized to waive payment of the tax in the described transaction.