This bill modifies and extends the existing sales and use tax exemption for disabled veterans who are eligible purchasers of adapted housing. The bill amends RCW 82.08.0207 and RCW 82.12.0207 to allow eligible purchasers to receive a remittance of up to $5,000 for each adapted housing project, with the exemption available until January 1, 2038. Additionally, the total remittance amount allowed in any fiscal year is increased to $250,000, and beginning in fiscal year 2028, both the individual and statewide remittance amounts will be adjusted annually based on the consumer price index. The bill also establishes a notification system for the remaining funds available for remittance.

Furthermore, the bill includes a performance statement that emphasizes the importance of providing financial relief to disabled veterans who require customized housing due to service-connected disabilities. It mandates an evaluation by the joint legislative audit and review committee to assess the effectiveness of the tax preferences in achieving the intended public policy objectives. The act is set to take effect on July 1, 2026, and includes an expiration date of January 1, 2039, for the provisions related to the tax exemption.

Statutes affected:
Original bill: 82.08.0207, 82.12.0207
Substitute bill: 82.08.0207, 82.12.0207