SHB 2126 -
By Representative Liias
NOT CONSIDERED 03/25/2011
On page 8, line 28, after "36.100 RCW" strike "that commences
construction of a new regional center, or improvement or rehabilitation
of an existing new regional center, before January 1, 2004" and insert
"((that commences construction of a new regional center, or improvement
or rehabilitation of an existing new regional center, before January 1,
2004))"
On page 8, line 34, after "thousand" strike "that commences
construction of a new regional center before February 1, 2007" and
insert "((that commences construction of a new regional center before
February 1, 2007))"
On page 9, line 3, after "thousand," strike "that commences
construction of a new regional center before January 1, 2009, or before
January 1, 2011," and insert "((that commences construction of a new
regional center before January 1, 2009, or before January 1, 2011,))"
On page 10, line 13, after "construction" insert ", improvement, rehabilitation, or expansion"
On page 10, line 20, after "than" strike "twenty-five" and insert
"((twenty-five)) thirty-five"
On page 10, line 21, after "collected." insert "If a public facilities district imposes a tax beyond twenty years, the rate of tax may not exceed 0.0165 percent, or 0.0185 percent in the case of the rate authorized under subsection (2)(a) of this section."
EFFECT: Extends the maximum period for which the public facilities district (PFD) sales and use tax credit can be imposed from 20 to 35 years. Caps the extended tax to half the rate. Potentially opens the sales and use tax credit to additional PFDs.