FINAL BILL REPORT
This analysis was prepared by non-partisan legislative staff for the use of legislative members in their deliberations. This analysis is not a part of the legislation nor does it constitute a statement of legislative intent.
C 30 L 10
Synopsis as Enacted
Brief Description: Transferring the Washington main street program to the department of archaeology and historic preservation.
Sponsors: House Committee on State Government & Tribal Affairs (originally sponsored by Representatives Takko, Hinkle, Appleton, Haler, Rolfes, Van De Wege, Quall, Warnick and Morris).
House Committee on State Government & Tribal Affairs
House Committee on General Government Appropriations
Senate Committee on Government Operations & Elections
In 2005 the Legislature created the Washington Main Street Program (Program) in the Department of Commerce (DCOM) to provide technical assistance to communities undertaking a comprehensive downtown or neighborhood commercial district revitalization initiative and management strategy. The DCOM operates the Program in consultation with an advisory committee. Financial assistance may be provided to communities for certain Program costs. The DCOM was directed to develop the criteria for selecting the recipients of assistance and will provide the designation of local projects. Priority for technical and financial assistance is given to downtown or neighborhood revitalization programs located in a rural county. The DCOM may not provide assistance to cities with populations of 190,000 or more.The Program is funded through a business and occupation (B&O) tax credit. The B&O tax credit is available for 75 percent of the amount donated directly to a local Program or 50 percent of the contribution amount to the Main Street Trust Fund. In order to receive a credit, a taxpayer must apply to the Department of Revenue. Total credits cannot exceed $100,000 per calendar year for an individual Program, or $250,000 per calendar year for a taxpayer, and may only be claimed against tax due in the calendar year following approval. The total amount of credits per year statewide is capped at $1.5 million per calendar year. Credits may not be approved for Programs in cities with populations of 190,000 or more.
The administration of the Washington Main Street Program is moved from the Department of Commerce to the Department of Archeology and Historic Preservation.
Votes on Final Passage:
July 1, 2010