WA People
BILL · 2023–24 SESSION

HB 1527: Tax increment financing

Making technical corrections to the local tax increment financing program.

Summary

  • Defines the term real property for local tax increment financing areas.
  • Clarifies notice requirements.
  • Provides adjustment of tax allocation base values by a county assessor if a local government has a designated increment area prior to the effective date of this act.
  • Provides local taxing districts the authority to increase their property tax levy capacity for increases in assessed value in certain situations.

From the House Bill Report (HB 1527), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 354, Laws of 2023
  1. IntroducedJan 23, 2023
  2. Out of committeeFeb 13, 2023
  3. Passed HouseMar 6, 2023
  4. Passed SenateApr 10, 2023
  5. GovernorMay 9, 2023
  6. LawMay 9, 2023
Prime sponsor
Sharon Wylie (D-49)
Introduced
January 23, 2023 in the House
Last action
May 9, 2023
Session law
Chapter 354, Laws of 2023
Requested by
State agency
Companion bill
SB 5539
Budget
Has a fiscal note

AN ACT Relating to making technical corrections to the local tax increment financing program under chapter 39.114 RCW by applying the definition of real property to ensure private investments made on state and local government-owned land are included in the increment value, ensuring that the relocation and construction of a government-owned facility is included as an eligible project, ensuring that acquisition costs include appurtenant rights, providing clarification to definitions of increment value and tax allocation base value for consistency with current law, clarifying notice requirements for the creation of a tax increment area, and creating consistency with current law for add-on levies codified in RCW 84.55.010;

Sponsors

Prime sponsor: Sharon Wylie (D-49)

9 co-sponsors (4 Democrats, 5 Republicans)

Bryan Sandlin R-15Davina Duerr D-1Stephanie Barnard R-8April Connors R-8Mike Chapman D-24Kevin Waters R-17Larry Springer D-45Paul Harris R-17Mia Gregerson D-33

Votes

House · 3rd Reading & Final Passage

Passed March 6, 2023
Version voted on: HB 1527
80 Yea 15 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat50701
Republican30802
How each member voted

Yea (80)

Excused (3)

Permalink to this vote

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed April 10, 2023
Version voted on: HB 1527
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican20000
How each member voted

Yea (49)

Permalink to this vote

House · Final Passage as Amended by the Senate

Passed April 14, 2023
Version voted on: HB 1527
72 Yea 24 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat50701
Republican221701
How each member voted

Yea (72)

Excused (2)

Permalink to this vote

History

  1. Effective date 5/9/2023.
  2. Chapter 354, 2023 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Passed final passage; yeas, 72; nays, 24; absent, 0; excused, 2.
  7. House concurred in Senate amendments.
  8. Speaker signed.
  9. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.
  10. Rules suspended. Placed on Third Reading.
  11. Committee amendment(s) adopted as amended.
  12. Placed on second reading by Rules Committee.
  13. Passed to Rules Committee for second reading.
  14. WM - Majority; do pass with amendment(s) by Business, Financial Services, Gaming & Trade.
  15. Referred to Ways & Means.
  16. Minority; without recommendation.
  17. And refer to Ways & Means.
  18. BFGT - Majority; do pass with amendment(s).
  19. First reading, referred to Business, Financial Services, Gaming & Trade.
  20. Third reading, passed; yeas, 80; nays, 15; absent, 0; excused, 3.
  21. Rules suspended. Placed on Third Reading.
  22. Rules Committee relieved of further consideration. Placed on second reading.
  23. Referred to Rules 2 Review.
  24. FIN - Executive action taken by committee.
  25. Minority; do not pass.
  26. Minority; without recommendation.
  27. FIN - Majority; do pass.
  28. First reading, referred to Finance.

HB 1527 in other sessions

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

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