Promoting transit-oriented development.

 S-0892.1

SENATE BILL 5604

State of Washington

69th Legislature

2025 Regular Session

By Senators Liias, Gildon, Chapman, Cortes, Nobles, Salomon, Shewmake, and C. Wilson

Read first time 01/30/25. Referred to Committee on Housing.

AN ACT Relating to promoting transit-oriented development; amending RCW 84.14.010 , 84.14.030 , 84.14.060 , 84.14.070 , 84.14.090 , 84.14.100 , 84.14.110 , 82.02.060 , 82.02.090 , 82.45.060 , 82.59.007 , 82.59.010 , 82.59.020 , 82.59.030 , 82.59.040 , 82.59.070 , 82.59.130 , and 82.59.140 ; adding new sections to chapter 84.14 RCW; creating a new section; and providing an effective date.

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

NEW SECTION. Sec. 1. A new section is added to chapter 84.14 RCW to read as follows:

(1) The value of new housing construction, conversion, and rehabilitation improvements qualifying under this chapter is exempt from ad valorem property taxation for 20 successive years beginning January 1st of the year immediately following the calendar year of issuance of the certificate, if the property otherwise qualifies for the exemption under this chapter and meets the conditions in this section.