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, created before specific dates and under certain conditions, to impose a sales and use tax to fund the construction, improvement, or rehabilitation of regional centers. Notably, the bill increases the maximum duration for which the tax can be collected from 40 years to 55 years after the tax is first collected. Additionally, it clarifies that the tax must be deducted from the total tax collected and that the Department of Revenue will collect these taxes at no cost to the districts.
Furthermore, the bill specifies that the governing bodies of public facilities districts may increase the tax rate under certain conditions, particularly if they experience a net loss in tax collections due to previous legislative changes. The increase must be in small increments and aimed at mitigating the loss. The funds collected through this tax are restricted to specific uses outlined in RCW 35.57.020 and must be matched with contributions from other public or private sources, ensuring a collaborative funding approach for regional center projects.
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