This bill modifies the property tax exemption for community centers in Washington State by amending RCW 84.36.010. It specifies that property belonging to a community center is exempt from taxation for a period of forty years from acquisition, provided that the property is determined to be surplus to the needs of a local school district or, for tax years 2026 through 2035, a nonprofit university exempt from property taxes. The bill defines a "community center" as property purchased or acquired by a nonprofit organization for converting into facilities that deliver nonresidential coordinated services to community members, allowing the space to be rented or loaned to businesses or individuals.

Additionally, the bill clarifies that the act applies to property taxes levied for collection in the years 2026 through 2035 and states that RCW 82.32.808 does not apply to this act. The definitions of "essential government services" and "economic development" are also included, emphasizing the types of services and activities that qualify under the exemption.

Statutes affected:
Original Bill: 84.36.010