BILL · 2001–02 SESSION

HB 1723: Economic revitalization

Establishing a program to promote economic revitalization.

Summary

  • $ Provides a business and occupation (B&O) tax credit for cash contributions by businesses that are used to support a local downtown or neighborhood commercial district revitalization program.
  • $ Provides a 10-year property tax exemption on improvements made to commercial buildings that are located within the boundaries of a local downtown or neighborhood commercial district revitalization program.
  • $ Allows a city or town impose a sales and use tax on retail sales that is credited against the state = s sales and use tax with the monies used to pay the cost of improvements within a downtown or neighborhood commercial district revitalization area.
  • $ Creates the Washington Main Street program within the Department of Community, Trade, and Economic Development.

From the House Bill Analysis (HB 1723), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 1, 2001
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Val Ogden (D-49)
Introduced
February 1, 2001 in the House
Last action
January 14, 2002
Budget
Has a fiscal note

AN ACT Relating to downtown and neighborhood commercial district revitalization;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Trade & Economic Development.

HB 1723 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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