This bill aims to modify the targeted urban areas tax preference specifically for projects related to nuclear facilities, ensuring that clean energy manufacturers have equal access to these tax benefits. The legislation emphasizes Washington state's commitment to clean energy production and the creation of family wage jobs in this sector. It allows cities to extend additional time for clean energy manufacturers to qualify for tax exemptions, thereby supporting economic growth and the state's carbon-free energy objectives.

Key amendments to RCW 84.25.110 include the introduction of specific requirements for nuclear facilities, such as the need for certification by the United States Nuclear Regulatory Commission. The bill mandates that owners of such facilities provide verification of compliance with labor standards and submit a community workforce agreement. Additionally, it allows for extensions of up to 24 months for project completion, with the possibility of two additional extensions for nuclear facilities. The bill also clarifies the appeal process for owners denied a tax exemption, ensuring they can contest decisions made by the city.

Statutes affected:
Original bill: 84.25.110