H-4361              _______________________________________________

                                          SUBSTITUTE HOUSE BILL NO. 2477

                        _______________________________________________

State of Washington                               51st Legislature                              1990 Regular Session

By House Committee on Local Government (originally sponsored by Representatives Ferguson, Haugen and Horn)

Read first time 2/2/90.

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.  Section 7, chapter 37, Laws of 1974 ex. sess. as last amended by section 1, chapter 282, Laws of 1987 and RCW 35.21.755 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)).  However, 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 by a public corporation, commission, or authority that is used primarily for low-income housing, or (c) any property owned by a public corporation, commission, or authority that is used primarily for convention center facilities and related accessory facilities, 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, 1976((:  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.