Public Guidance Priorities Overview and New Tax Regulations
This document outlines the public guidance priorities presented by Atif Aziz on June 13, 2022. It covers a range of topics including working families tax credit, capital gains tax administration, hazardous substance tax, warehouse remittance requirements, tax exemptions for data centers, and more. The priorities highlight the eligibility requirements, application processes, and administrative aspects of various tax regulations.
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Presentation Transcript
Public Guidance Priorities Atif Aziz, June 13, 2022
Overview- Public Guidance Priorities WAC (rules) Excise Tax Advisories and Property Tax Advisories Interim Guidance Statements 2
1. (New) WAC 458-20-285 Working Families Tax Credit Eligibility requirements Application process Administration 3
2. (New) WAC 458-20-XXX Capital Gains Tax -- Administration Focused on administrative aspects of the rule Filing requirements, penalties, amendments, administrative review 3. WAC 458-20-252 Hazardous substance tax Specifications for measuring volume 4
4. (New) WAC 458-20-XXX Warehouse remittance Space requirements Documentation Qualifying equipment 5. ETA 3196 B&O Deduction for Qualified Employers of Record Documentation requirements 5
6. (New) ETA XXXX RCW 82.04.4281 deduction and 5% disqualifying threshold 7. (New) ETA XXXX Data centers Expansion of rural data center sales tax exemption New urban data center exemption 6
8. WAC 458-61A-212 Transfers where gain is not recognized under the IRC 9. (New) ETA XXXX Qualified Family-Owned Business Interest Estate Tax Deduction 10. (New) ETA XXXX Construction Joint Ventures 7
Other priority guidance options 1. WAC 458-20-141 Mailing bureaus 10. ETA XXXX Solar canopies tax deferral 2. WAC 458-20-XXX WTD publishing criteria 11. ETA 3116 Car sharing organizations 3. PTA XXX Road levy shifts 12. ETA 3128 Repair work on goods damaged in transit . . . 4. WAC 458-20-13501 Timber harvest operations 13. ETA 3076 Deductibility of interest received on investments or loans primarily secured by first mortgage or trust deeds 5. WAC 458-20-274 Staffing services 6. WAC 458-20-182 Warehouse businesses 14. ETA XXXX Sales/use tax exemption for prescribed prosthetic devices 7. ETA 3092 Hazardous substance/Petroleum products tax, Vessels operating in WA waters 15. WAC 458-29A-200 Taxable rent and contract rent 8. ETA XXXX Stevedoring 9. ETA XXXX NFTs 8
Questions/comments AtifA@dor.wa.gov 9
