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