WA People
BILL · 2019–20 SESSION · LATEST VERSION SSB 5564

SB 5564: Business ecosystems

Creating the building business ecosystems act.

Summary

  • Authorizes local governments to create business ecosystem areas for targeting public improvements.
  • Establishes public improvement costs may be paid for with local property and sales and use tax increases occurring in the business ecosystems area, a state contribution in the form of a sales and use tax credited against the state sales and use tax, and other local sources.
  • Sets the annual state contribution limit for all projects at $4,965,000.
  • Allows three projects to receive up to $1 million per year for 20 years; $800,000 for 25 years, or $665,000 for 30 years.
  • Establishes $2.5 million is set aside for project applications from rural jurisdictions or for projects in designated opportunity zones.

From the Senate Bill Report (SB 5564), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 24, 2019
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (R-8)
Introduced
January 24, 2019 in the Senate
Last action
January 13, 2020
Budget
Has a fiscal note
Versions
SB 5564, SSB 5564

AN ACT Relating to creating the building business ecosystems act;

Sponsors

Prime sponsor: Senator (R-8)

10 co-sponsors (4 Democrats, 6 Republicans)

Lisa Wellman D-41Judy Warnick R-13Dean Takko D-19Steve Hobbs D-44Maureen Walsh R-16Hans Zeiger R-25Senator D-46Lynda Wilson R-17Senator R-2Mike Padden R-4

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status. (SSB 5564)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Ways & Means. (SSB 5564)
  4. Referred to Ways & Means.
  5. FIET - Majority; 1st substitute bill be substituted, do pass. (SSB 5564)
  6. Minority; do not pass. (SSB 5564)
  7. And refer to Ways & Means. (SSB 5564)
  8. And refer to Ways & Means.
  9. Minority; do not pass.
  10. FIET - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Financial Institutions, Economic Development & Trade.

SB 5564 in other sessions

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

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