Cashmere Valley Bank v. Dep't of Revenue

FILE IN CLERK'S OFFICE SUPREME COURT, STATE OF WASHINGTON / DATE_j_~P 2 5 2014 IN THE SUPREME COURT OF THE STATE OF WASHINGTON CASHMERE VALLEY BANK, ) ) Petitioner, ) No. 89367-5 ) v. ) En Bane ) STATE OF WASHINGTON, ) DEPARTMENT OF REVENUE, ) Filed SEP 2 5 2014 ) Respondent. ) ) WIGGINS, J.-This case turns on interpretation of a state tax deduction statute . . Farmer RCW 82.04.4292 (1980) provided that in computing their business anp . I occupation (B&O) tax, banks and financial institutions could deduct from their income "amounts derived from interest received on investments or loans…