The bill allows cities and towns in Washington State to voluntarily enter into agreements to share a portion of their general purpose sales and use tax revenue. A new section is added to chapter 39.34 RCW, outlining the requirements for such agreements, which must specify the applicable areas for revenue sharing, the amount or proportion of revenue to be shared, and the method of sharing. Importantly, the bill clarifies that it does not diminish the authority of local governments to enter into agreements as permitted by law.

Additionally, a new section is added to chapter 82.14 RCW, stating that revenue from a sales and use tax imposed by a city can be shared with another city as part of the agreements established under the new provisions. This legislative change aims to enhance collaboration among cities regarding tax revenue, potentially leading to more equitable distribution of resources.

Statutes affected:
Original Bill: 82.14.032