Section 82.89.050 - Requirements for recipients-Meaningful construction(1) The recipient of a deferral certificate under RCW 82.89.040 must begin meaningful construction on an eligible investment project within two years of receiving a deferral certificate unless construction was delayed due to circumstances beyond the recipient's control. Lack of funding is not considered a circumstance beyond the recipient's control.(2) If the recipient does not begin meaningful construction on an eligible investment project within two years of receiving a deferral certificate, the deferral certificate issued under RCW 82.89.040 is invalid and taxes deferred under this chapter are due immediately.Added by 2022 c 185,§ 5, eff. 7/1/2022.Tax preference performance automatic expiration exception-Tax preference performance statement- 2022 c 185: See notes following RCW 82.89.070.