Establishing funding for community preservation and development authorities approved through RCW 43.167.060.



ENGROSSED SUBSTITUTE HOUSE BILL 1408

State of Washington

69th Legislature

2026 Regular Session

By House Appropriations (originally sponsored by Representatives Santos, Orcutt, Leavitt, Thai, Duerr, Pollet, Street, and Macri)

READ FIRST TIME 02/09/26.

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

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

NEW SECTION. Sec. 1. A new section is added to chapter 82.08 RCW to read as follows:

(1) Beginning January 1, 2026, 30 percent of the estimated revenue of the state tax imposed pursuant to RCW 82.08.020 (1) on each retail sale occurring at a qualified facility pursuant to this chapter must be deposited quarterly, into the community preservation and development authority account under RCW 43.167.040 , no later than three months after the end of the calendar quarter in which the taxes were collected.