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deducted from the measure of tax amounts derived as interest on loans to bona <br /> fide farmers and ranchers, producers or harvesters of aquatic products, or their <br /> cooperatives by a lending institution which is owned exclusively by its borrowers <br /> or members and which is engaged solely in the business of making loans and <br /> providing finance-related services to bona fide farmers and ranchers, producers <br /> or harvesters of aquatic products, their cooperatives, rural residents for housing, <br /> or persons engaged in furnishing farm-related or aquatic-related services to <br /> these individuals or entities. <br /> D. Miscellaneous Deductions. <br /> 1. Receipts from Tangible Personal Property Delivered Outside the State. In <br /> computing tax, there may be deducted from the measure of tax under retailing or <br /> wholesaling amounts derived from the sale of tangible personal property that is <br /> received by the purchaser or its agent outside the state of Washington. <br /> 2. Cash Discount Taken by Purchaser. In computing tax, there may be <br /> deducted from the measure of tax the cash discount amounts actually taken by <br /> the purchaser. This deduction is not allowed in arriving at the taxable amount <br /> under the extractive or manufacturing classifications with respect to articles <br /> produced or manufactured, the reported values of which, for the purposes of this <br /> tax, have been computed according to the "value of product" provisions. <br /> 3. Credit Losses of Accrual Basis Taxpayers. In computing tax, there may be <br /> deducted from the measure of tax the amount of credit losses actually sustained <br /> by taxpayers whose regular books of account are kept upon an accrual basis. <br /> 4. Repair, Maintenance, Replacement, Etc., of Residential Structures and <br /> Commonly Held Property—Eligible Organizations. <br /> a. In computing tax, there may be deducted from the measure of tax <br /> amounts used solely for repair, maintenance, replacement, management, or <br /> improvement of the residential structures and commonly held property, but <br /> excluding property where fees or charges are made for use by the public who are <br /> not guests accompanied by a member, which are derived by: <br /> i. A cooperative housing association, corporation, or partnership from a <br /> person who resides in a structure owned by the cooperative housing association, <br /> corporation, or partnership; <br /> ii. An association of owners of property as defined in RCW 64.32.010, as <br /> now or hereafter amended, from a person who is an apartment owner as defined <br /> in RCW 64.32.010; or <br /> iii. An association of owners of residential property from a person who is a <br /> member of the association. "Association of owners of residential property" means <br /> any organization of all the owners of residential property in a defined area who all <br /> hold the same property in common within the area. <br /> b. For the purposes of this section, "commonly held property" includes areas <br /> required for common access such as reception areas, halls, stairways, parking, <br /> etc., and may include recreation rooms, swimming pools and small parks or <br /> recreation areas; but is not intended to include more grounds than are normally <br /> required in a residential area, or to include such extensive areas as required for <br /> golf courses, campgrounds, hiking and riding areas, boating areas, etc. <br /> c. To qualify for the deductions under this section: <br /> 38 <br />