_______________________________________________
SENATE
BILL 5835
_______________________________________________
Passed
Legislature - 1993 Regular Session
State
of Washington 53rd Legislature 1993
Regular Session
By
Read
first time 02/17/93. Referred to Committee on Ways & Means.
Exempting certain public authority property from taxation.
AN ACT Relating to the taxation of public
authorities; and amending RCW 35.21.755.
BE
IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1.
RCW 35.21.755 and 1990 c 131 s 1 are each amended to read as follows:
(1) A public corporation, commission, or
authority created pursuant to RCW 35.21.730 or 35.21.660 shall receive the same
immunity or exemption from taxation as that of the city, town, or county
creating the same: PROVIDED, That, except for (a) any property within a
special review district established by ordinance prior to January 1, 1976, or
listed on or which is within a district listed on any federal or state register
of historical sites or (b) any property owned ((or)), operated,
or controlled by a public corporation that is used primarily for low-income
housing, or that is used as a convention center, performing arts center,
public assembly hall, or public meeting place, any such public corporation,
commission, or authority shall pay to the county treasurer an annual excise tax
equal to the amounts which would be paid upon real property and personal
property devoted to the purposes of such public corporation, commission, or
authority were it in private ownership, and such real property and personal property
is acquired and/or operated under RCW 35.21.730 through 35.21.755, and the
proceeds of such excise tax shall be allocated by the county treasurer to the
various taxing authorities in which such property is situated, in the same
manner as though the property were in private ownership: PROVIDED FURTHER,
That the provisions of chapter 82.29A RCW shall not apply to property within a
special review district established by ordinance prior to January 1, 1976, or
listed on or which is within a district listed on any federal or state register
of historical sites and which is controlled by a public corporation,
commission, or authority created pursuant to RCW 35.21.730 or 35.21.660, which
was in existence prior to January 1, 1987: AND PROVIDED FURTHER, That property
within a special review district established by ordinance prior to January 1,
1976, or property which is listed on any federal or state register of
historical sites and controlled by a public corporation, commission, or
authority created pursuant to RCW 35.21.730 or 35.21.660, which was in
existence prior to January 1, 1976, shall receive the same immunity or
exemption from taxation as if such property had been within a district listed
on any such federal or state register of historical sites as of January 1,
1976, and controlled by a public corporation, commission, or authority created
pursuant to RCW 35.21.730 or 35.21.660 which was in existence prior to January
1, 1976.
(2) As used in this section:
(a) "Low-income" means a total annual
income, adjusted for family size, not exceeding fifty percent of the area
median income.
(b) "Area median income" means:
(i) For an area within a standard metropolitan
statistical area, the area median income reported by the United States
department of housing and urban development for that standard metropolitan
statistical area; or
(ii) For an area not within a standard
metropolitan statistical area, the county median income reported by the
department of community development.
