Concerning the excise tax treatment of amounts received by title and escrow businesses from clients for remittance to a county filing office for the purpose of recording documents.

 H-0267.3

HOUSE BILL 1115

State of Washington

69th Legislature

2025 Regular Session

By Representatives Tharinger, Corry, and Wylie

Prefiled 12/23/24. Read first time 01/13/25. Referred to Committee on Finance.

AN ACT Relating to clarifying the excise tax treatment of amounts received by title and escrow businesses from clients for remittance to a county filing office for the purpose of recording documents; reenacting and amending RCW 82.04.050 ; adding a new section to chapter 82.04 RCW; creating new sections; and providing an effective date.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. (1) The legislature finds that the department of revenue has recently assessed title and escrow businesses for failing to collect and pay sales and use and business and occupation tax on recording surcharges.

(2) The legislature finds the department of revenue has not issued rule making or guidance notifying the industry of its obligation to collect and pay sales and use and business and occupation tax on recording surcharges.