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BILL · 2003–04 SESSION · LATEST VERSION E3SSB 5364

SB 5364: Community revitalization fin

Promoting economic development and community revitalization.

Summary

  • Expands the community revitalization program to allow local governments to finance public improvements within an increment area using increases in local sales and use tax revenues, as well as matching state sales and use tax revenues of up to $1 million per year per project.
  • Limits the annual aggregate amount of new local sales and use taxes that may be credited against the state tax to $5 million initially.
  • Authorizes the use of community revitalization financing only if a local government receives written agreement from taxing districts that in the aggregate would levy at least 60 percent of the regular property taxes within the increment area.

From the Third Substitute House Bill Report (3SSB 5364), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 23, 2003
  2. Out of committeeApr 7, 2003
  3. Passed SenateApr 10, 2003
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Joseph Zarelli (R-18)
Introduced
January 23, 2003 in the Senate
Last action
March 11, 2004
Requested by
Governor
Companion bill
HB 1281
Budget
Has a fiscal note
Versions
SB 5364, SSB 5364, E2SSB 5364, E3SSB 5364

AN ACT Relating to community revitalization financing;

Sponsors

Prime sponsor: Joseph Zarelli (R-18)

7 co-sponsors (5 Democrats, 2 Republicans)

Senator D-35Debbie Regala D-27Betti Sheldon D-23Shirley Winsley R-28Rosemary McAuliffe D-1Patricia Hale R-8Marilyn Rasmussen D-2

Votes

Senate · 3rd Reading & Final Passage

Passed April 10, 2003
Version voted on: E2SSB 5364
47 Yea 2 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat23100
Republican24100
How each member voted

Yea (47)

Nay (2)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed June 10, 2003
Version voted on: E2SSB 5364
39 Yea 7 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat21201
Republican18502
How each member voted

Excused (3)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed January 28, 2004
Version voted on: E3SSB 5364
44 Yea 5 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat23100
Republican21400
How each member voted

Nay (5)

Permalink to this vote

History

  1. By resolution, returned to Senate Rules Committee for third reading. (E3SSB 5364)
  2. Passed to Rules Committee for second reading. (E3SSB 5364)
  3. Minority; do not pass. (E3SSB 5364)
  4. FIN - Majority; do pass. (E3SSB 5364)
  5. FIN - Executive action taken by committee. (E3SSB 5364)
  6. First reading, referred to Finance. (E3SSB 5364)
  7. Placed on second reading by Rules Committee. (E3SSB 5364)
  8. Third reading, passed; yeas, 44; nays, 5; absent, 0; excused, 0. (E3SSB 5364)
  9. Rules suspended. Placed on Third Reading. (E3SSB 5364)
  10. 3rd substitute bill substituted. (E3SSB 5364)
  11. Floor amendment(s) adopted. (E3SSB 5364)
  12. 3rd substitute bill substituted. (E2SSB 5364)
  13. Placed on second reading by Rules Committee. (E2SSB 5364)
  14. Passed to Rules Committee for second reading. (E3SSB 5364)
  15. Passed to Rules Committee for second reading. (E2SSB 5364)
  16. WM - Majority; 3rd substitute bill be substituted, do pass. (E3SSB 5364)
  17. WM - Majority; 3rd substitute bill be substituted, do pass. (E2SSB 5364)
  18. Rules Committee refers to Committee on Ways & Means. (E2SSB 5364)
  19. By resolution, reintroduced and retained in present status. (E2SSB 5364)
  20. By resolution, reintroduced and retained in present status. (E2SSB 5364)
  21. Third reading, passed; yeas, 39; nays, 7; absent, 0; excused, 3. (E2SSB 5364)
  22. Rules suspended. Placed on Third Reading. (E2SSB 5364)
  23. Floor amendment(s) adopted. (E2SSB 5364)
  24. Returned to second reading for amendment. (E2SSB 5364)
  25. Rules suspended. (E2SSB 5364)
  26. By resolution, returned to Senate Rules Committee for third reading. (E2SSB 5364)
  27. Placed on third reading by Rules Committee. (E2SSB 5364)
  28. By resolution, reintroduced and retained in present status. (E2SSB 5364)
  29. By resolution, returned to Senate Rules Committee for third reading. (E2SSB 5364)
  30. Placed on second reading. (E2SSB 5364)
  31. Minority; do not pass. (E2SSB 5364)
  32. FIN - Majority; do pass. (E2SSB 5364)
  33. FIN - Executive action taken by committee. (E2SSB 5364)
  34. First reading, referred to Finance. (E2SSB 5364)
  35. Third reading, passed; yeas, 47; nays, 2; absent, 0; excused, 0. (E2SSB 5364)
  36. Rules suspended. Placed on Third Reading. (E2SSB 5364)
  37. 2nd substitute bill substituted. (E2SSB 5364)
  38. 2nd substitute bill substituted. (SSB 5364)
  39. 2nd substitute bill substituted.
  40. Placed on second reading by Rules Committee. (E2SSB 5364)
  41. Placed on second reading by Rules Committee. (SSB 5364)
  42. Placed on second reading by Rules Committee.
  43. WM - Majority; 2nd substitute bill be substituted, do pass. (E2SSB 5364)
  44. Passed to Rules Committee for second reading. (E2SSB 5364)
  45. Passed to Rules Committee for second reading. (SSB 5364)
  46. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 5364)
  47. WM - Majority; 2nd substitute bill be substituted, do pass.
  48. Passed to Rules Committee for second reading.
  49. Referred to Ways & Means. (SSB 5364)
  50. Referred to Ways & Means.
  51. And refer to Ways & Means. (SSB 5364)
  52. EC - Majority; 1st substitute bill be substituted, do pass. (SSB 5364)
  53. EC - Majority; 1st substitute bill be substituted, do pass.
  54. And refer to Ways & Means.
  55. First reading, referred to Economic Development.

SB 5364 in other sessions

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

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