This section adds a new section to an existing chapter 82.04. Here is the modified chapter for context.
In computing tax under RCW 82.04.290(2), there may be deducted from the measure of tax the amount of qualified dealer cash incentives.
The definitions in this subsection apply throughout this section unless the context clearly requires otherwise.
"Motor vehicle" has the same meaning provided in RCW 46.04.320.
"Qualified dealer cash incentive" means a payment or credit offered to a motor vehicle dealer as defined in RCW 46.70.011 by a manufacturer of a motor vehicle where:
The amount of the payment or credit is based on the quantity of a specified type of motor vehicle to be sold at retail by the seller, regardless of whether the seller is required to sell a specified minimum number of vehicles;
The seller knew the terms of the offer before making the retail sales that generated the payment or credit from the manufacturer; and
The seller is not required to provide any services to the manufacturer in order to receive the payment or credit from the manufacturer. The documentation of the retail sale that generated the payment or credit from the manufacturer is not a service provided to the manufacturer.
The provisions of RCW 82.32.805 and 82.32.808 do not apply to this act.