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5 <br /> producers or harvesters of aquatic products, or their cooperatives by a lending institution <br /> which is owned exclusively by its borrowers or members and which is engaged solely in <br /> the business of making loans and providing finance-related services to bona fide farmers <br /> and ranchers,producers or harvesters of aquatic products,their cooperatives,rural <br /> residents for housing,or persons engaged in furnishing faun-related or aquatic-related <br /> services to 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 received <br /> by the purchaser or its agent outside the state of Washington. <br /> 2. Cash Discount Taken by Purchaser. In computing tax,there may be deducted from <br /> the measure of tax the cash discount amounts actually taken by the purchaser. This <br /> deduction is not allowed in arriving at the taxable amount under the extractive or <br /> manufacturing classifications with respect to articles produced or manufactured,the <br /> reported values of which,for the purposes of this tax,have been computed according to <br /> 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 by <br /> taxpayers whose regular books of account are kept upon an accrual basis. <br /> 4. Repair,Maintenance;Replacement,Etc.,of Residential Structures and Commonly <br /> Held Property—Eligible Organizations. <br /> a. In computing tax,there may be deducted from the measure of tax amounts used <br /> solely for repair,maintenance,replacement,management, or improvement of the <br /> residential structures and commonly held property, but excluding property where fees or <br /> charges are made for use by the public who are not guests accompanied by a member, <br /> which are derived by: <br /> i. A cooperative housing association,corporation, or partnership from a person who <br /> resides in a structure owned by the cooperative housing association, corporation,or <br /> partnership; <br /> ii. An association of owners of property as defined in RCW 64.32.010,as now or <br /> hereafter amended, from a person who is an apartment owner as defined in RCW <br /> 64.32.010; or <br /> iii. An association of owners of residential property from a person who is a member <br /> of the association. "Association of owners of residential property"means any <br /> organization of all the owners of residential property in a defined area who all hold the <br /> 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, etc., and <br /> may include recreation rooms, swimming pools and small parks or recreation areas; but is <br /> Page 56 <br />