Fund 034 - Local Sales And Use Tax Account
Authority:
RCW 82.14.050
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:
Used by the Department of Revenue to administer the collection and distribution of sales and use tax to counties, cities, transportation authorities, public facilities districts and other local government entities.
Sources of Revenue:
Deposits to this account are recorded as miscellaneous revenue or 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 sales or use tax
Effective Date:
07/01/1970
Inactive Date:
Public Notes:
ACFR Information
Account Code:
034
Account Title:
Local Sales And Use Tax Account
Fund Type:
HD - Custodial Funds
Rollup Fund:
KC - Local Government Distributions Fund
Closing GL Code:
9584 - Restricted for Custodial
