WAC 458-61A-207   Bankruptcy.  (1) Introduction. The real estate excise tax does not apply to the conveyance of real property by a trustee in bankruptcy or debtor in possession made after the plan is confirmed under a chapter 11 or chapter 12 plan. Federal law preempts real estate excise tax on these transfers.

     (2) Documentation requirements. A copy of the Order of Confirmation or an extract from the Confirmed Bankruptcy Plan, showing the date the bankruptcy plan was confirmed, the court case cause number, and the bankruptcy chapter number must be attached to the real estate excise affidavit provided to the department.



[Statutory Authority: [RCW 82.32.300, 82.45.150, and 82.01.060(2)]. 06-15-021, § 458-61A-207, filed 7/7/06, effective 8/7/06; 05-23-093, § 458-61A-207, filed 11/16/05, effective 12/17/05.]