Bill > SB5614

This bill modifies the existing law regarding impact fees, which are charges imposed on new development to help fund public facilities needed to serve that growth. The key changes include extending the deadline for counties, cities, and towns to adopt a system for deferring impact fees for single-family residential construction from 2016 to 2026, and replacing the previous deferral mechanism with a new process. Under the new system, applicants must execute a promissory note for the full value of impact fees, which can be paid at the time of certificate of occupancy, first property sale, or final inspection. The bill introduces penalties for late payment, including interest and additional charges ranging from 5% to 20% if fees are not paid within one to three months of the first property sale. The legislation also clarifies that the deferral term cannot exceed 18 months, requires disclosure of the deferral agreement to property buyers, and specifies that impact fees should be assessed based on the fees in effect when the applicant applies for a deferral. Additionally, the bill adds a provision that impact fees will be considered under the ordinances in effect at the time a fully completed project permit application is submitted, and repeals a previous reporting requirement related to impact fees.

Housing and Urban Affairs

https://app.leg.wa.gov/billsummary?BillNumber=5614&Year=2025&Initiative=false