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Fund 768 - Local Real Estate Excise Tax Account

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Authority:
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
Inactive Date:
Public Notes:

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