BILL · 2017–18 SESSION · LATEST VERSION E2SHB 1495
HB 1495: Commercial office space
Incentivizing the development of commercial office space in cities with a population of greater than fifty thousand and located in a county with a population of less than one million five hundred thousand.
Summary
Creates a local sales and use tax exemption program in cities with a population greater than 50,000 that are located in a county with a population of less than 1.5 million to incentivize the development of commercial office space in urban centers with access to transit, high capacity transportation systems, and other amenities.
Requires certain agencies and local jurisdictions to determine eligibility for the tax exemption program, and establish guidelines and criteria for qualifying projects.
Requires a study by the Joint Legislative Audit and Review Committee on the effectiveness of the program.
Establishes an end date for new participation in the tax exemption program.
From the Engrossed Second Substitute House Bill Report (E2SHB 1495), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed House, stalled in Senate
AN ACT Relating to incentivizing the development of commercial office space in cities with a population of greater than fifty thousand and located in a county with a population of less than one million five hundred thousand;