1408-S AMH SANT TAYT 519
SHB 1408 - H AMD 1762
By Representative Santos |
ADOPTED 02/13/2026
On page 1, beginning on line 7, strike all of section 1 and insert the following:
"NEW SECTION. Sec. A new section is added to chapter 82.08 RCW to read as follows:
(1) Beginning January 1, 2026, 30 percent of the estimated revenue of the state tax imposed pursuant to RCW 82.08.020(1) on each retail sale occurring at a qualified facility pursuant to this chapter must be deposited quarterly, into the community preservation and development authority account under RCW 43.167.040, no later than 3 months after the end of the calendar quarter in which the taxes were collected.
(2) Beginning January 1, 2027, 30 percent of the revenue of the state tax imposed pursuant to RCW 82.08.020(1) on each retail sale occurring at a qualified facility pursuant to this chapter must be deposited quarterly, into the community preservation and development authority account under RCW 43.167.040, no later than 3 months after the end of the calendar quarter in which the taxes were collected. The revenue shall be deposited equally between the operating subaccount and the capital subaccount.
(3) "Qualified facility" is a facility located in a county with a community preservation and development authority that: (a) Has a seating capacity of at least 68,000 fixed seats in an open-air stadium and has related event space of at least 300,000 square feet; or (b) has a seating capacity of at least 47,000 seats for its main use and a retractable roof."
| EFFECT: Provides that for calendar year 2026, the revenue deposited in the Community Preservation and Development Authority Account (Account) will be based on a calculation of 30 percent of the estimated state retail sales tax revenues. Provides that the revenue deposited into the Account in calendar year 2027 and thereafter will be based on a calculation of 30 percent of the actual state retail sales tax revenues and will be deposited quarterly.
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