Green Building: Washington Bill Requires LEED Certification For Sales and Use Tax Deferral

Leed Platinum Revised.jpg

A bill was introduced in the Washington State Legislature yesterday that will require LEED certification for sales and use tax deferral on select construction projects. If this bill (SB 6598) becomes law, projects will have to achieve a certain level of LEED certification to qualify for deferral of sales and use tax on materials and other components of the work. The higher the project's LEED certification, the greater the amount of sales and use tax that's deferred.

This chart identifies the percentage of sales and use tax each level of certification will deliver:

LEED Certification Level

Percentage of Sales and Use Tax Deferred

Platinum

100%

Gold

75%

Silver

50%

Less Than Silver

25%

Ding, Dong the D'Oench, Duhme Doctrine Is Dead, Maybe

Dead Witch Shoes.jpgIn the last bank insolvency post, I promised to fill you in on the disagreement among federal judges about whether the D'Oench, Duhme doctrine and the federal holder in due course rule (the "FHDC Rule") are still alive after the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ("FIRREA") became law amending Section 13(e) of the Federal Deposit Insurance Act (the "FDI Act"). The chart below will help you keep track of which judges say yes and which ones say no.

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Select Mandatory Construction Choice of Governing Law Statutes

As promised in the last post about choice of law in architects agreements and construction contracts, here is a list identifying 16 of the states that have enacted mandatory choice of law statutes for affecting construction contracts along with cites and free links to those statutes.  I'll be grateful to anyone who contacts me to add more states with cites to their statutes.

 

Select Mandatory Construction Choice of Law Statutes