S-0696.2
SENATE BILL 5518
State of Washington
69th Legislature
2025 Regular Session
By Senators Kauffman, Orwall, and Nobles
Read first time 01/27/25. Referred to Committee on Ways & Means.
AN ACT Relating to authorizing funding tools to mitigate the impact of sales tax sourcing and enhance community vitality in certain cities that host industrial and warehousing industries that are vital to the statewide economy; adding a new section to chapter 82.14 RCW; creating a new section; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. The legislature finds that additional funding tools are needed to improve community vitality in the industrial and warehousing valley located near the port of Seattle and the port of Tacoma. Sales tax sourcing laws created a significant negative fiscal impact on this community thereby impacting the quality of life of residents in the valley. The valley is a vital job center to Washington state's economy and is one of the most diverse communities in the state. At the same time, with a concentration of warehousing, manufacturing, and shipping businesses, this community experiences negative impacts on resources that other communities do not experience. Furthermore, the legislature recognizes the dedicated funding in RCW 82.14.545 for the manufacturing and warehousing job centers account, RCW 82.14.550 , is scheduled to expire on July 1, 2026. The legislature hereby authorizes new funding tools for these communities to generate revenue necessary to improve community vitality.
NEW SECTION. Sec. 2. A new section is added to chapter 82.14 RCW to read as follows: