Bill > SB5739

This bill makes several modifications to laws governing public facilities districts in Washington state. The bill increases the maximum duration of tax collection for financing regional centers from 40 to 65 years, allowing public facilities districts more time to recover their investment costs. It adjusts compensation for board members of public facilities districts, raising the per-day meeting rate from $50 to $100 and increasing the annual maximum compensation from $3,000 to $6,000. The bill also clarifies conditions under which public facilities districts can impose sales and use taxes, including provisions for incremental tax rate increases if the district experiences net sales tax collection losses. Specifically, the bill allows districts in counties with populations under 300,000 to impose sales and use taxes at rates between 0.020 and 0.025 percent, depending on the district's creation date and specific characteristics. The tax revenues can only be used for specific purposes related to regional center development and must be matched by 33 percent from other public or private sources. These changes aim to provide more financial flexibility and support for public facilities districts in developing and maintaining regional centers for community events and cultural activities.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=5739&Year=2025&Initiative=false