Introduced by Rep. Troy Kelley, (D-Tacoma) (D) on January 22, 2009, recognizes that the state benefits from investment in public infrastructure because it promotes community and economic development. Public investment stimulates business activity and helps create jobs, stimulates the redevelopment of brownfields and blighted areas in the inner city, lowers the cost of housing, and promotes efficient land use. These activities generate revenue for the state and it is in the public interest to invest in these projects through a credit against the state sales and use tax to those local governments that can demonstrate the expected returns to the state.
Referred to the House Community and Economic Development and Trade Committee on January 22, 2009.