This bill amends existing laws regarding property tax exemptions for nonprofit public assembly halls and meeting places, specifically increasing the maximum annual limit for regularly scheduled fundraising activities. The amendments to RCW 84.36.805 include a significant change where the 15-day limitation for fundraising activities is increased to 50 days for properties exempt under RCW 84.36.037. This adjustment allows nonprofit organizations to conduct more fundraising events without jeopardizing their tax-exempt status, provided these activities align with the purposes for which the exemption is granted.

Additionally, the bill establishes new sections that clarify the applicability of the act, stating that it applies to taxes levied for collection in 2027 and thereafter, with specific expiration dates for certain provisions. The act is designed to support nonprofit organizations by providing them with greater flexibility in fundraising while maintaining compliance with tax exemption requirements.

Statutes affected:
Original bill: 84.36.805