BILL · 2021–22 SESSION · LATEST VERSION E2SSB 5755

SB 5755: Underdev. land redevelopment

Authorizing certain cities to establish a limited sales and use tax incentive program to encourage redevelopment of underdeveloped lands in urban areas.

Summary

  • Authorizes certain cities to establish a limited sales and use tax incentive program to encourage redevelopment of underdeveloped lands in urban areas for affordable housing.
  • Creates a ten-year sales and use tax deferral and exemption for qualifying multifamily housing projects if the project includes at least 50 percent of the housing units for very-low, low, and moderate income households.

From the Engrossed Second Substitute Senate Bill Report (E2SSB 5755), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 241, Laws of 2022
  1. IntroducedJan 10, 2022
  2. Out of committeeFeb 28, 2022
  3. Passed SenateMar 4, 2022
  4. Passed HouseMar 9, 2022
  5. GovernorMar 30, 2022
  6. LawMar 30, 2022
Prime sponsor
Yasmin Trudeau (D-27)
Introduced
January 10, 2022 in the Senate
Last action
March 30, 2022
Session law
Chapter 241, Laws of 2022
Budget
Has a fiscal note
Versions
SB 5755, SSB 5755, E2SSB 5755

AN ACT Relating to authorizing certain cities to establish a limited sales and use tax incentive program to encourage redevelopment of underdeveloped lands in urban areas;

Sponsors

Prime sponsor: Yasmin Trudeau (D-27)

4 co-sponsors (4 Democrats, 0 Republicans)

Votes

Senate · 3rd Reading & Final Passage

Passed March 4, 2022
Version voted on: E2SSB 5755
29 Yea 19 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat27101
Republican21800
How each member voted

House · Final Passage as Amended by the House

Passed March 9, 2022
Version voted on: E2SSB 5755
66 Yea 31 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat57000
Republican93101
How each member voted

Yea (66)

Excused (1)

Senate · Final Passage as Amended by the House

Passed March 10, 2022
Version voted on: E2SSB 5755
27 Yea 21 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat27101
Republican02000
How each member voted

History

  1. Effective date 6/9/2022. (E2SSB 5755)
  2. Chapter 241, 2022 Laws. (E2SSB 5755)
  3. Governor signed. (E2SSB 5755)
  4. Delivered to Governor. (E2SSB 5755)
  5. Speaker signed. (E2SSB 5755)
  6. Passed final passage; yeas, 27; nays, 21; absent, 0; excused, 1. (E2SSB 5755)
  7. Senate concurred in House amendments. (E2SSB 5755)
  8. President signed. (E2SSB 5755)
  9. Third reading, passed; yeas, 66; nays, 31; absent, 0; excused, 1. (E2SSB 5755)
  10. Rules suspended. Placed on Third Reading. (E2SSB 5755)
  11. Committee amendment(s) adopted with no other amendments. (E2SSB 5755)
  12. Rules Committee relieved of further consideration. Placed on second reading. (E2SSB 5755)
  13. Referred to Rules 2 Review. (E2SSB 5755)
  14. Minority; without recommendation. (E2SSB 5755)
  15. Minority; do not pass. (E2SSB 5755)
  16. FIN - Majority; do pass with amendment(s). (E2SSB 5755)
  17. FIN - Executive action taken by committee. (E2SSB 5755)
  18. First reading, referred to Finance. (E2SSB 5755)
  19. Third reading, passed; yeas, 29; nays, 19; absent, 0; excused, 1. (E2SSB 5755)
  20. Rules suspended. Placed on Third Reading. (E2SSB 5755)
  21. Floor amendment(s) adopted. (E2SSB 5755)
  22. 2nd substitute bill substituted. (E2SSB 5755)
  23. 2nd substitute bill substituted. (SSB 5755)
  24. 2nd substitute bill substituted.
  25. Placed on second reading by Rules Committee. (E2SSB 5755)
  26. Placed on second reading by Rules Committee. (SSB 5755)
  27. Placed on second reading by Rules Committee.
  28. Passed to Rules Committee for second reading. (E2SSB 5755)
  29. Minority; without recommendation. (E2SSB 5755)
  30. Minority; do not pass. (E2SSB 5755)
  31. WM - Majority; 2nd substitute bill be substituted, do pass. (E2SSB 5755)
  32. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 5755)
  33. Minority; do not pass. (SSB 5755)
  34. Minority; without recommendation. (SSB 5755)
  35. Passed to Rules Committee for second reading. (SSB 5755)
  36. Passed to Rules Committee for second reading.
  37. Minority; without recommendation.
  38. Minority; do not pass.
  39. WM - Majority; 2nd substitute bill be substituted, do pass.
  40. Referred to Ways & Means. (SSB 5755)
  41. Referred to Ways & Means.
  42. HLG - Majority; 1st substitute bill be substituted, do pass. (SSB 5755)
  43. Minority; do not pass. (SSB 5755)
  44. Minority; without recommendation. (SSB 5755)
  45. And refer to Ways & Means. (SSB 5755)
  46. And refer to Ways & Means.
  47. Minority; without recommendation.
  48. Minority; do not pass.
  49. HLG - Majority; 1st substitute bill be substituted, do pass.
  50. First reading, referred to Housing & Local Government.
  51. Prefiled for introduction.

SB 5755 in other sessions

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

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