This bill amends existing Washington state laws regarding the use of local real estate excise tax revenues to include airport capital projects as an allowable expenditure. Specifically, it modifies RCW 82.46.010 and RCW 82.46.035 to allow counties and cities to utilize these tax revenues for the planning, construction, and improvement of airports that are part of the Washington aviation system plan or the national plan of integrated airport systems, provided they have fewer than 10,000 annual enplanements. Additionally, the bill clarifies that the installation or improvement of fuel systems for the distribution of leaded fuel at airports is not included as a capital project under this definition.

The bill also updates the tax rates for real estate excise taxes, changing the maximum rates from "one-quarter of one percent" and "one-half of one percent" to "0.25 percent" and "0.5 percent," respectively. It maintains provisions for the use of tax revenues for existing capital projects and outlines specific conditions under which counties and cities can impose these taxes, including the requirement for voter approval in certain cases. Overall, the legislation aims to enhance funding for airport infrastructure while ensuring compliance with existing planning and budgeting requirements.

Statutes affected:
Original Bill: 82.46.010, 82.46.035
Substitute Bill: 82.46.010, 82.46.035
Bill as Passed Legislature: 82.46.010, 82.46.035
Session Law: 82.46.010, 82.46.035