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Fund Reference Manual

Fund 768 - Local Real Estate Excise Tax Account

Authority: RCW 82.45.180
Admin Agency: Department of Revenue - 1400
Cash Type: 1 - Treasury Fund
SAAM Budget Type: Nonappropriated/Nonallotted (N)
Earnings from Investments are: Retained by this fund under RCW 43.84.092(4)(a).
Description: To receive and disburse to local government entities taxes collected under chapter 82.46 RCW.
Sources of Revenue: Excise taxes and interest earnings deposited to this account are recorded as other tax distributions; however, these funds are not considered funds of the state as they are held in trust until distributed to the participating local governments.
Clientele: Local governments imposing a tax under chapter 82.46 RCW
Effective Date: 07/01/1980

ACFR Information

Account Code: 768
Account Title: Local Real Estate Excise Tax Account
Fund Type: HD - Custodial Funds
Rollup Fund: KC - Local Government Distributions Fund
Closing GL Code: 9584 - Restricted for Custodial