BILL · 2009–10 SESSION · LATEST VERSION 2SSB 5045

SB 5045: Community revitalization

Regarding community revitalization financing.

Summary

  • Authorizes a city, town, or county that follows a specified process and meets certain conditions to create a local revitalization area that will be targeted for public improvements.
  • Prescribes a process for a sponsoring local government to apply to the Department of Revenue for a state contribution in the form of a sales and use tax credit that can be used for debt service on bonds used to finance public improvements in a revitalization area.
  • Sets a state contribution limit of $2.5 million per year statewide and a limit of $500,000 per project.
  • Designates seven specific demonstration projects, prescribes maximum annual award amounts per project, and sets an overall annual state contribution for the demonstration projects of $2.25 million.

From the Second Substitute House Bill Report (2SSB 5045), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 270, Laws of 2009
  1. IntroducedJan 12, 2009
  2. Out of committeeMar 2, 2009
  3. Passed SenateMar 4, 2009
  4. Passed HouseApr 16, 2009
  5. GovernorApr 29, 2009
  6. LawApr 29, 2009
Prime sponsor
Derek Kilmer (D-26)
Introduced
January 12, 2009 in the Senate
Last action
April 29, 2009
Session law
Chapter 270, Laws of 2009
Budget
Has a fiscal note
Versions
SB 5045, SSB 5045, 2SSB 5045

AN ACT Relating to community revitalization financing;

Sponsors

Votes

Senate · 3rd Reading & Final Passage

Passed March 4, 2009
Version voted on: 2SSB 5045
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat30001
Republican18000
How each member voted

House · Final Passage as Amended by the House

Passed April 16, 2009
Version voted on: 2SSB 5045
92 Yea 5 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat60101
Republican32400
How each member voted

Yea (92)

Excused (1)

Senate · Final Passage as Amended by the House

Passed April 20, 2009
Version voted on: 2SSB 5045
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat30001
Republican17001
How each member voted

History

  1. Effective date 7/26/2009. (2SSB 5045)
  2. Chapter 270, 2009 Laws. (2SSB 5045)
  3. Governor signed. (2SSB 5045)
  4. Delivered to Governor. (2SSB 5045)
  5. President signed. (2SSB 5045)
  6. Speaker signed. (2SSB 5045)
  7. Passed final passage; yeas, 47; nays, 0; absent, 0; excused, 2. (2SSB 5045)
  8. Senate concurred in House amendments. (2SSB 5045)
  9. Third reading, passed; yeas, 92; nays, 5; absent, 0; excused, 1. (2SSB 5045)
  10. Rules suspended. Placed on Third Reading. (2SSB 5045)
  11. Committee amendment adopted as amended. (2SSB 5045)
  12. Placed on second reading. (2SSB 5045)
  13. Passed to Rules Committee for second reading. (2SSB 5045)
  14. Minority; without recommendation. (2SSB 5045)
  15. FIN - Majority; do pass with amendment(s) but without amendment(s) by Community & Economic Development & Trade. (2SSB 5045)
  16. FIN - Executive action taken by committee. (2SSB 5045)
  17. Referred to Finance. (2SSB 5045)
  18. CEDT - Executive action taken by committee. (2SSB 5045)
  19. Minority; do not pass. (2SSB 5045)
  20. CEDT - Majority; do pass with amendment(s). (2SSB 5045)
  21. First reading, referred to Community & Economic Development & Trade. (2SSB 5045)
  22. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (2SSB 5045)
  23. Rules suspended. Placed on Third Reading. (2SSB 5045)
  24. 2nd substitute bill substituted. (2SSB 5045)
  25. 2nd substitute bill substituted. (SSB 5045)
  26. 2nd substitute bill substituted.
  27. Placed on second reading by Rules Committee. (2SSB 5045)
  28. Placed on second reading by Rules Committee. (SSB 5045)
  29. Placed on second reading by Rules Committee.
  30. Passed to Rules Committee for second reading. (2SSB 5045)
  31. Minority; without recommendation. (2SSB 5045)
  32. WM - Majority; 2nd substitute bill be substituted, do pass. (2SSB 5045)
  33. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 5045)
  34. Minority; without recommendation. (SSB 5045)
  35. Passed to Rules Committee for second reading. (SSB 5045)
  36. Passed to Rules Committee for second reading.
  37. Minority; without recommendation.
  38. WM - Majority; 2nd substitute bill be substituted, do pass.
  39. EDTI - Majority; 1st substitute bill be substituted, do pass. (SSB 5045)
  40. And refer to Ways & Means. (SSB 5045)
  41. Referred to Ways & Means. (SSB 5045)
  42. Referred to Ways & Means.
  43. And refer to Ways & Means.
  44. EDTI - Majority; 1st substitute bill be substituted, do pass.
  45. First reading, referred to Economic Development, Trade & Innovation.
  46. Prefiled for introduction.

SB 5045 in other sessions

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

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