Engrossed Substitute House Bill 1521 - Supporting Warehousing and Manufacturing Job Centers (2021)

Summary

Engrossed Substitute House Bill 1521, State of Washington, 67th Legislature, 2021 Regular Session, by House Finance (originally sponsored by Representatives Entenman, Sullivan, Callan, Jacobsen, Taylor, Stokesbary, Gregerson, and Ormsby), read first time 02/22/21. The title describes an act relating to supporting warehousing and manufacturing job centers and adding new sections to chapter 82.14 RCW. Section 1 creates the warehousing and manufacturing job center assistance program to mitigate the negative fiscal impact of changes in sales tax sourcing laws. Section 2 has the state treasurer transfer sums from the general fund into the manufacturing and warehousing job centers account, and reduces the quarterly mitigation payment by 20 percent of the previous year's payment starting on July 1, 2022.

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                     ENGROSSED SUBSTITUTE HOUSE BILL 1521


     State of Washington         67th Legislature     2021 Regular Session

     By House Finance (originally sponsored by Representatives Entenman,
     Sullivan, Callan, Jacobsen, Taylor, Stokesbary, Gregerson, and
     Ormsby)

     READ FIRST TIME 02/22/21.




 1       AN ACT Relating to supporting warehousing and manufacturing job
 2   centers; adding new sections to chapter 82.14 RCW; creating a new
 3   section; providing an effective date; providing an expiration date;
 4   and declaring an emergency.


 5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:


 6       NEW SECTION. Sec. 1. The legislature recognizes that changes in
 7   sales tax sourcing laws created a significant negative fiscal impact
 8   on communities with a concentration of warehousing, manufacturing,
 9   and shipping. These communities are vital job centers to our state
10   economy and are some of the most diverse communities in our state.
11       Furthermore,   the  infrastructure   demands   to  support   these
12   industries are significant. The legislature hereby creates the
13   warehousing and manufacturing job center assistance program to
14   provide these communities with revenue to mitigate for the negative
15   fiscal impact of changes in sales tax sourcing laws, and fund
16   important infrastructure to maintain these key job centers.


17       NEW SECTION.   Sec. 2.  A new section is added to chapter 82.14
18   RCW to read as follows:
19       (1) In order to mitigate local sales tax revenue net losses as a
20   result of the sourcing provisions of the streamlined sales and use
                                       p. 1                         ESHB 1521
 1   tax agreement under this title, the state treasurer, on July 1, 2021,
 2   and each July 1st thereafter through July 1, 2026, must transfer into
 3   the manufacturing and warehousing job centers account from the
 4   general fund the sum required to provide mitigation payments to
 5   qualifying jurisdictions as described under this section.
 6       (2) The department shall provide each qualified local taxing
 7   district a quarterly mitigation payment from the warehousing and
 8   manufacturing job center assistance program equal to the streamlined
 9   sales tax mitigation payment that was provided to that qualified
10   local taxing district on June 30, 2020. Starting on July 1, 2022, the
11   amount of the quarterly mitigation payment shall be reduced by 20
12   percent of the previous year's payment for that same quarter.
13       (3) "Qualified local taxing district" means a city that received
14   a quarterly streamlined sales tax mitigation payment from the state
15   on June 30, 2020, of at least $60,000.
16      (4) This section expires July 1, 2026.


17       NEW SECTION.   Sec. 3.   A new section is added to chapter 82.14
18   RCW to read as follows:
19       The manufacturing and warehousing job centers account is created
20   in the state treasury. All receipts from section 2 of this act must
21   be deposited into the account. Moneys in the account may be spent
22   only after appropriation. Expenditures from the account may be used
23   only for the purpose of mitigating the negative fiscal impacts to
24   local taxing jurisdictions as a result of the streamlined sales and
25   use tax agreement under this title.


26       NEW SECTION.   Sec. 4.  This act is necessary for the immediate
27   preservation of the public peace, health, or safety, or support of
28   the state government and its existing public institutions, and takes
29   effect July 1, 2021.

                                  --- END ---




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