Requiring approval from state institutions of higher education to locate new or rehabilitated multiple-unit housing within the boundaries of a campus facilities master plan for property tax exemption purposes. (REVISED FOR ENGROSSED: Requiring approval from certain state institutions of higher education to locate new or rehabilitated multiple-unit housing within the boundaries of a campus facilities master plan for property tax exemption purposes.)
Summary
Excludes, beginning July 1, 2007, campus facilities master plans of the University of Washington branch campuses in Tacoma and Bothell from areas within those cities that may be designated as residential targeted areas for the property tax exemption program for new or rehabilitated multiple-unit housing.
Prohibits approval of applications for the exemption program beginning July 1, 2007, if any part of the proposed project site in the application is located in the campus facilities master plan of either campus.
From the Substitute House Bill Report (SHB 2164), written by the Legislature's nonpartisan staff. Read the full report ↗
AN ACT Relating to property tax exemptions for multiple-unit housing in urban centers within the boundaries of the campus facilities master plan of any state institution of higher education;