BILL · 2025–26 SESSION · LATEST VERSION SSB 5884
SB 5884: Underutilized property/tax
Expanding the limited sales and use tax incentive program to encourage redevelopment of underutilized property.
Summary
- Makes changes to eligibility, application and notification requirements of the tax deferral program for redevelopment of underdeveloped property, including expanding the definition of underdeveloped property to include any vacant, partially used, or underutilized land identified by a qualifying city as suitable for development of affordable housing.
- Authorizes cities to establish an area of reduced affordability requirements and approve an application for a project in that area that sets aside at least 20 percent of units as affordable rental or homeownership housing.
- Updates the repayment requirements for investment projects that are no longer eligible.
From the Senate Bill Report (SB 5884), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 12, 2026
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Marcus Riccelli (D-3)
- Introduced
- January 12, 2026 in the Senate
- Last action
- January 22, 2026
- Budget
- Has a fiscal note
- Versions
- SB 5884, SSB 5884
AN ACT Relating to expanding the limited sales and use tax incentive program to encourage redevelopment of underutilized property;
Sponsors
Prime sponsor: Marcus Riccelli (D-3)
6 co-sponsors (6 Democrats, 0 Republicans)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- Referred to Ways & Means. (SSB 5884)
- Referred to Ways & Means.
- HSG - Majority; 1st substitute bill be substituted, do pass. (SSB 5884)
- And refer to Ways & Means. (SSB 5884)
- Minority; do not pass. (SSB 5884)
- Minority; without recommendation. (SSB 5884)
- Minority; without recommendation.
- Minority; do not pass.
- And refer to Ways & Means.
- HSG - Majority; 1st substitute bill be substituted, do pass.
- First reading, referred to Housing.
- Prefiled for introduction.
SB 5884 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5884 (2023–24) Restitution/env. crimes
- SB 5884 (2021–22) Behavioral health support
- SB 5884 (2019–20) Evergreen promise pilot
- SB 5884 (2017–18) Fiscal matters T.O.
- SB 5884 (2015–16) Trafficking of persons
- SB 5884 (2013–14) Birth control/medicaid
- SB 5884 (2011–12) Fiscal matters T.O.
- SB 5884 (2009–10) Linked deposit program loans