The bill amends existing laws regarding public facilities districts in Washington State, specifically RCW 82.14.390 and RCW 82.14.485. It allows certain public facilities districts to impose a sales and use tax under specific conditions, including those created before certain dates and those that have commenced construction of regional centers by specified deadlines. The tax rate is capped at 0.033 percent, with provisions for an increase to 0.037 percent if certain fiscal conditions are met. Additionally, the bill modifies the expiration of the tax, extending it from a maximum of 40 years to 55 years after the tax is first collected, and specifies that the tax must be matched with funds from other public or private sources.
Key changes include the insertion of "a" in reference to regional centers and the increase of the maximum duration for tax collection from 40 to 55 years. The bill also clarifies that moneys collected can only be used for specific purposes outlined in RCW 35.57.020 and emphasizes the requirement for matching funds. Furthermore, it stipulates that the Department of Revenue will collect these taxes at no cost to the public facilities districts, ensuring that the financial burden does not fall on the districts themselves.
Statutes affected: Original Bill: 82.14.390, 82.14.0485
Bill as Passed Legislature: 82.14.390, 82.14.0485
Session Law: 82.14.390, 82.14.0485