Washington · statute · Wash. Rev. Code ch. 35.100 · 5 active provisions
(1) The legislature finds:(a) The continued economic vitality of downtown and neighborhood commercial districts in our state's cities is essential to community preservation, social cohesion, and economic growth;(b) In recent years there has been a deterioration of downtown and neighborhood commercial districts in both…
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(1) "Community revitalization project" means:(a) Health and safety improvements authorized to be publicly financed under chapter 35.80 or 35.81 RCW;(b) Publicly owned or leased facilities within the jurisdiction…
Local retail sales and use tax increment revenue, or any portion thereof, may be applied as follows:(1) To pay downtown or neighborhood commercial district community revitalization costs;(2) To pay into bond redemption funds established to pay the principal and interest on general obligation or revenue bonds issued to…
(1) The legislative authority of a city or town may authorize the use of local sales and use tax increment revenue for any purpose authorized in this chapter within the boundaries of a downtown or one or more neighborhood commercial districts.(2) Prior to authorizing the use of local sales and use tax increment revenue…
A city or town shall determine at its own cost the amount of local sales and use tax increment revenue that may be generated in the downtown and neighborhood commercial districts it designates. The department of revenue may, at its discretion, provide advice or other assistance to cities and towns to assist in determin…