This bill modifies the property tax exemption for community centers in Washington State by amending RCW 84.36.010. It establishes that all property of a community center is exempt from taxation for a period of 40 years from acquisition, with specific provisions for community centers that are determined to be surplus to the needs of a university exempt from property taxes under RCW 84.36.050. For taxes levied for collection in 2026 through 2035, the definition of "community center" is expanded to include such properties, which will also be exempt from taxation during that period.

Additionally, the bill clarifies the definition of a "community center" to include properties acquired by nonprofit organizations for delivering nonresidential coordinated services to community members. It also allows community centers to make space available for businesses and individuals through loans or rentals. The act specifies that it 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.

Statutes affected:
Original Bill: 84.36.010
Substitute Bill: 84.36.010