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. (REVISED FOR ENGROSSED: Incentivizing the development of commercial office space in cities located in a county with a population of less than one million five hundred thousand. )
Summary
Allows a governing authority of a city to adopt a local sales and use tax exemption or a local property tax exemption, or both, for the development of Class A commercial office space in certain designated urban centers.
From the Engrossed Substitute Senate Bill Report (ESSB 5051), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House
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;