SB 5452: Public facilities districts

Summary

• $ Authorizes cities and towns in a county with a population less than 1 million to create a public facilities district to acquire, build, own, and operate one or more regional convention, conference, or special events center that cost at least $10 million, including debt service.
• C Amends the existing county public facilities district statutes to give them authority to build regional convention, conference, or special event centers.
• C Provides a 0.033 percent credit against the state retail sales and use tax credit to a city or county public facilities district that starts construction on a new or rehabilitation of an existing regional facility before January 1, 2003.
• C Prohibits a county public facilities district from receiving the 0.033 percent credit if the county has imposed a sales and use tax credit to construct a major league baseball or football stadium.

From the Second Substitute House Bill Report (2SSB 5452), written by the Legislature's nonpartisan staff. Read the full report ↗