_______________________________________________
SENATE
BILL 6065
_______________________________________________
AS
AMENDED BY THE HOUSE
Passed
Legislature - 1999 Regular Session
State
of Washington 56th Legislature 1999 Regular Session
By
Read
first time 03/01/1999. Referred to Committee on Ways & Means.
Providing an excise tax exemption for property owned,
operated, or controlled by a public corporation.
AN
ACT Relating to providing an excise tax exemption for property owned, operated,
or controlled by a public corporation if the property is used as a public
esplanade, street, public way, public open space, park, public utility
corridor, or view corridor for the general public or the property is used to
implement an agreement or plan; and amending RCW 35.21.755.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec.
1. RCW
35.21.755 and 1995 c 399 s 38 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, 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, public esplanade, street, public way, public open space, park, public
utility corridor, or view corridor for the general public or (c) any blighted
property owned, operated, or controlled by a public corporation that was
acquired for the purpose of remediation and redevelopment of the property in
accordance with an agreement or plan approved by the city, town, or county in
which the property is located, 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, trade, and economic
development.
(c)
"Blighted property" means property that is contaminated with
hazardous substances as defined under RCW 70.105D.020(7).
