Washington DOR Issues Special Notice Providing Information on Sales, Excise Tax Exemption for Ride-Share Vehicles

The Washington Department of Revenue Aug. 19 issued a special notice on the tax exemption available for ride-share vehicles. Beginning Sept. 1, H.B. 1514 provides new requirements for a sales and use tax exemption on purchases of vehicles to be used in certain ride-share programs, and broadens certain definitions. The notice includes: 1) requirements for a passenger motor vehicle to qualify for the exemption; 2) information on documentation and reporting sales of ride-share vehicles; and 3) pertinent definitions. A business taking an exemption must report it on the Buyers Sales and Use Tax Preference Addendum. Funds received in the course ...