SHB 1401 -
By Representative Schindler
WITHDRAWN 03/09/2005
On page 2, after line 34, insert the following:
"NEW SECTION. Sec. 6 A new section is added to chapter 84.36 RCW
to read as follows:
(1) The addition of a system of automatic sprinklers to any
building or structure or portion thereof, subject to chapter 19.-- RCW
(sections 1 through 5 of this act) is exempt from taxation for the ten
years subsequent to the completion of the addition to the extent that
the addition represents an increase in value. A taxpayer seeking this
exemption must file notice of intent to add the system of automatic
sprinklers prior to the addition being made on forms prescribed by the
department of revenue and furnished to the taxpayer by the county
assessor.
(2) The department of revenue shall adopt rules as necessary to
administer this section.
NEW SECTION. Sec. 7 A new section is added to chapter 35.92 RCW
to read as follows:
The owner of a building or structure or portion thereof, subject to
chapter 19.-- RCW (sections 1 through 5 of this act) is exempt from
water supply connection charges under this chapter for the five years
subsequent to the completion of the system of automatic sprinklers.
NEW SECTION. Sec. 8 A new section is added to chapter 36.94 RCW
to read as follows:
The owner of a building or structure or portion thereof, subject to
chapter 19.-- RCW (sections 1 through 5 of this act) is exempt from
water supply connection charges under this chapter for the five years
subsequent to the completion of the system of automatic sprinklers."
Renumber the remaining section consecutively.
Correct the title.
EFFECT: Provides a ten-year property tax exemption for any increased value resulting from addition of an automatic sprinkler system. Provides a five-year exemption from city, town, and county water supply connection charges after completion of the approved system of automatic sprinklers.