1742AMSFHCS2825.1HB 1742S COMM AMDBy Committee on Financial Institutions, Housing & Consumer
Protection Strike everything after the enacting clause and insert thefollowing:Sec. RCW 84.14.010 and 2002 c 146 s 1 are each amended to readas follows: Unless the context clearly requires otherwise, the definitions inthis section apply throughout this chapter. (1) "City" means ((either (a) a)) any city or town ((with apopulation of at least thirty thousand or (b) the largest city or town,if there is no city or town with a population of at least thirtythousand,)) located in a county planning under the growth managementact. (2) "Governing authority" means the local legislative authority ofa city having jurisdiction over the property for which an exemption maybe applied for under this chapter. (3) "Growth management act" means chapter 36.70A RCW. (4) "Multipleunit housing" means a building having four or moredwelling units not designed or used as transient accommodations and notincluding hotels and motels. Multifamily units may result from newconstruction or rehabilitated or conversion of vacant, underutilized,or substandard buildings to multifamily housing. (5) "Owner" means the property owner of record. (6) "Permanent residential occupancy" means multiunit housing thatprovides either rental or owner occupancy on a nontransient basis.This includes owneroccupied or rental accommodation that is leased fora period of at least one month. This excludes hotels and motels thatpredominately offer rental accommodation on a daily or weekly basis. (7) "Rehabilitation improvements" means modifications to existingstructures, that are vacant for twelve months or longer, that are madeto achieve a condition of substantial compliance with existing building 1 codes or modification to existing occupied structures which increasethe number of multifamily housing units. (8) "Residential targeted area" means an area within an urbancenter that has been designated by the governing authority as aresidential targeted area in accordance with this chapter. (9) "Substantial compliance" means compliance with local buildingor housing code requirements that are typically required forrehabilitation as opposed to new construction. (10) "Urban center" means a compact identifiable district whereurban residents may obtain a variety of products and services. Anurban center must contain: (a) Several existing or previous, or both, business establishmentsthat may include but are not limited to shops, offices, banks,restaurants, governmental agencies; (b) Adequate public facilities including streets, sidewalks,lighting, transit, domestic water, and sanitary sewer systems; and (c) A mixture of uses and activities that may include housing,recreation, and cultural activities in association with eithercommercial or office, or both, use.Sec. RCW 84.14.020 and 2002 c 146 s 2 are each amended to readas follows: (1) The value of new housing construction, conversion, andrehabilitation improvements qualifying under this chapter is exemptfrom ad valorem property taxation, for ten successive years beginningJanuary 1 of the year immediately following the calendar year ofissuance of the certificate of tax exemption eligibility. However, theexemption does not include the value of land or nonhousingrelatedimprovements not qualifying under this chapter. When a localgovernment adopts guidelines pursuant to RCW 84.14.030(2) ((and thequalifying dwelling units are each on separate parcels for the purposeof property taxation)), the exemption may, at the local government'sdiscretion, be limited to those dwelling units that meet the localguidelines. (2) In the case of rehabilitation of existing buildings, theexemption does not include the value of improvements constructed priorto the submission of the application required under this chapter. The 2 incentive provided by this chapter is in addition to any otherincentives, tax credits, grants, or other incentives provided by law. (3) This chapter does not apply to increases in assessed valuationmade by the assessor on nonqualifying portions of building and value ofland nor to increases made by lawful order of a county board ofequalization, the department of revenue, or a county, to a class ofproperty throughout the county or specific area of the county toachieve the uniformity of assessment or appraisal required by law. (4) At the conclusion of the tenyear exemption period, the new orrehabilitated housing cost shall be considered as new construction forthe purposes of chapter 84.55 RCW.HB 1742S COMM AMDBy Committee on Financial Institutions, Housing & Consumer
Protection On page 1, line 2 of the title, after centers; strike theremainder of the title and insert and amending RCW 84.14.010 and84.14.020.(1) Removes city and town population requirements therebyexpanding the number of cities and towns in which the property taxexemption may be taken. (2) Clarifies that the property tax exemption is also available forrental units, not just owneroccupied units of housing.--- END --- 3