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

 S-0730.1

SENATE BILL 5460

State of Washington

69th Legislature

2025 Regular Session

By Senators Hasegawa and Saldaña

Read first time 01/23/25. Referred to Committee on Ways & Means.

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; and providing an expiration date.

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 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 into the community preservation and development authority account under RCW 43.167.040 . The revenue shall be deposited equally between the operating subaccount and the capital subaccount.