The bill amends RCW 84.36.037 to remove the one-acre limit on property tax exemptions for nonprofit public assembly halls and meeting places. It allows for an exemption on real or personal property owned by nonprofit organizations, with the area exempt including the buildings, land, and necessary parking. The bill specifies that if the property has been primarily used for annual community celebration events for at least 10 years, the exempt property can extend up to 29 acres. Additionally, it clarifies that the property must be used exclusively for public gatherings and must be available to all, without requiring membership for use.

Furthermore, the bill includes provisions that nullify the exemption if the property is used for profit-generating activities, except under certain conditions. It allows for income from rentals to be used for maintenance and improvements without nullifying the exemption, particularly in counties with populations under 20,000, where reasonable income from activities like dance, art, or music lessons is permitted. The bill also states that it will apply to taxes levied for collection in 2026 and thereafter, and it specifies that certain existing laws (RCW 82.32.805 and 82.32.808) do not apply to this act.

Statutes affected:
Original Bill: 84.36.037
Substitute Bill: 84.36.037