- June 28, 2000
- All Issuing Offices in Washington
- Real Estate Excise Tax - Bankruptcy
WAC section 458-61-230 concerning Bankruptcy has been amended effective May 5th, 2000.
The code, as amended now states:
WAC 458-61-230 Bankruptcy.
(1) The real estate excise tax does not apply to conveyances of real property by a trustee in bankruptcy or debtor in possession made either a chapter 11 plan or chapter 12 plan after the bankruptcy plan is confirmed.
(2) The date when the bankruptcy plan was confirmed, the court case cause number, and the bankruptcy chapter number must be cited on the affidavit when claiming this exemption.
For your convenience a copy of the amended section and the Washington Department of Revenue's Explanatory Statement is available through the Washington District Office.
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