The bill modifies existing laws in Washington State concerning funding and exemptions for affordable housing and related services. It amends several sections of the Revised Code of Washington (RCW), including RCW 82.14.530, 82.14.540, and 84.36.043, while reenacting and amending RCW 36.22.250. Key changes include adjusting the maximum sales and use tax rate from "one-tenth of one percent" to "0.1 percent" and mandating that at least 60 percent of the collected funds be allocated for constructing or acquiring affordable housing and behavioral health facilities. The bill also requires counties to consult with cities before undertaking projects within city limits and allows for interlocal agreements to pool tax receipts.

Furthermore, the bill specifies that the funded housing and services must target individuals and families with incomes at or below 60 percent of the county's median income. It introduces provisions for counties and cities to issue bonds for financing affordable housing projects and mandates annual reporting on revenue collection and usage. The legislation also outlines the allocation of funds from a surcharge for homelessness assistance, with specific percentages directed to various programs, and amends tax exemptions for nonprofits providing emergency or transitional housing. Overall, the bill aims to enhance support for homeless individuals and families while streamlining funding and administrative processes for related programs.

Statutes affected:
Original bill: 82.14.530, 82.14.540, 82.45.010
Substitute bill: 82.14.530, 82.14.540, 82.45.010, 84.36.043
Second substitute: 82.14.530, 82.14.540, 84.36.043
Engrossed second substitute: 82.14.530, 82.14.540, 84.36.043
Bill as passed Legislature: 82.14.530, 82.14.540, 84.36.043
Session law: 82.14.530, 82.14.540, 84.36.043