House Bill 1408, Funding for Community Preservation and Development Authorities (Washington, 2025)

Summary

House Bill 1408, State of Washington, 2025 Regular Session, by Representatives Santos, Orcutt, Leavitt, Thai, Duerr, Pollet, Street, and Macri, read first time 01/20/25 and referred to Committee on Technology, Economic Development, & Veterans. The act relates to establishing funding for community preservation and development authorities and provides an expiration date. Beginning January 1, 2026, 30 percent of the revenue of the state tax on each retail sale at a qualified facility must be deposited into the community preservation and development authority account, equally between the operating subaccount and the capital subaccount. A qualified facility is one with a seating capacity of at least 68,000 fixed seats in an open-air stadium, or at least 47,000 seats and a retractable roof.

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Full text

     H-0035.2

                                 HOUSE BILL 1408


     State of Washington         69th Legislature          2025 Regular Session

     By Representatives    Santos,   Orcutt,   Leavitt,   Thai,   Duerr,   Pollet,
     Street, and Macri

     Read first time 01/20/25.      Referred     to   Committee   on   Technology,
     Economic Development, & Veterans.




1        AN   ACT   Relating   to  establishing funding   for   community
2    preservation and development authorities approved through RCW
3    43.167.060; adding a new section to chapter 82.08 RCW; adding a new
4    section to chapter 82.12 RCW; adding new sections to chapter 43.167
5    RCW; and providing an expiration date.


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


 7       NEW SECTION.   Sec. 1.   A new section is added to chapter 82.08
 8   RCW to read as follows:
 9       (1) Beginning January 1, 2026, 30 percent of the revenue of the
10   state tax imposed pursuant to RCW 82.08.020(1) on each retail sale
11   occurring at a qualified facility pursuant to this chapter must be
12   deposited into the community preservation and development authority
13   account under RCW 43.167.040. The revenue shall be deposited equally
14   between the operating subaccount and the capital subaccount.
15       (2)(a) By November 1st and by May 1st of each year, the
16   department must calculate the amount of state sales and use tax
17   collected as the result of retail sales at a qualified facility
18   during the previous six months. The department must determine the
19   appropriate amount to be deposited into the community preservation
20   and development authority accounts based on the provisions of
21   subsection (1) of this section.
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 1       (b) The department must notify the state treasurer of the amount
 2   of revenue required to be transferred to the community preservation
 3   and development authority account by December 1st and by June 1st
 4   each year. The treasurer must deposit those funds into the community
 5   preservation and development authority account under RCW 43.167.040
 6   by December 31st and June 30th each year.
 7       (3) "Qualified facility" is a facility located in a county with a
 8   community preservation and development authority that: (a) Has a
 9   seating capacity of at least 68,000 fixed seats in an open-air
10   stadium and has related event space of at least 300,000 square feet;
11   or (b) has a seating capacity of at least 47,000 seats for its main
12   use and a retractable roof.

13       NEW SECTION.   Sec. 2.   A new section is added to chapter 82.12
14   RCW to read as follows:
15       The provisions of section 1 of this act apply throughout this
16   chapter.


17       NEW SECTION. Sec. 3. A new section is added to chapter 43.167
18   RCW to read as follows:
19       (1) It is the legislature's specific public policy objective to
20   provide funding pursuant to section 1 of this act to the community
21   preservation and development authorities, as created in this chapter,
22   to promote and enhance the health, safety, and economic well-being of
23   communities adversely impacted by the construction of, or on-going
24   operation of, multiple major public facilities, public works, and
25   capital projects. It is the intent of the legislature for the joint
26   legislative audit and review committee to conduct a review of the
27   funding and provide its findings to the legislature by December 1,
28   2034.
29       (2) The legislature intends to extend the expiration date of this
30   funding if the review finds that the community preservation and
31   development authority:
32       (a) Increases the economic vitality of the area by providing
33   assistance to struggling small businesses in the area and assisting
34   in the repair of unreinforced masonry that allows businesses to
35   remain in place, increases the safety of residents, and promotes the
36   conversion of unused and underutilized properties to benefit the
37   community;


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 1       (b) Enhances the livability of the community by assisting in
 2   addressing the litter and debris in streets and alleys and provide
 3   remediation to address the impacts of homelessness; and
 4       (c) Addresses housing needs, including funding new low-income and
 5   workforce housing units, as well as funding locally based street
 6   outreach to support interventions for unhoused residents.
 7       (3) In order to obtain the data necessary to perform the review
 8   in subsection (2) of this section, the joint legislative audit and
 9   review committee may refer to any data collected by the state.


10       NEW SECTION. Sec. 4. A new section is added to chapter 43.167
11   RCW to read as follows:
12       Any community preservation and development authority organized
13   pursuant to this chapter must submit a biennial report to the
14   appropriate committees of the legislature on their strategic plan,
15   use of funding, and impacts on the community by November 1st of each
16   odd-numbered year.


17      NEW SECTION.   Sec. 5.   This act expires January 1, 2037.

                                   --- END ---




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