Introduced by Rep. Mark Ericks, (D-Bothell) (D) on January 28, 2009, authorizes cities and towns to expend revenues from the real estate excise tax on parks maintenance and operations in additioin to other capital projects. (See also Companion SB 5630)
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Referred to the House Local Government & Housing Committee on January 28, 2009.
Substitute offered in the House on February 16, 2009, to specify that revenues generated from the applicable REET may be used for park maintenance and operation expenditures until June 30, 2012. Counties, cities, and towns using REET revenues for park maintenance and operation expenditures may not use these revenues for the acquisition of capital projects specified in a capital facilities plan element of a comprehensive plan. The substitute includes allowances for spending REET revenues on capital projects that are necessary for the health and safety of residents within the county, city, or town imposing the tax. Projects that do and do not qualify as "capital projects" after June 30, 2012, are delineated in the substitute bill. The substitute passed in the House by voice vote on February 16, 2009.
Referred to the House Finance Committee on February 20, 2009.
Referred to the House Rules Committee on March 2, 2009.
Substitute offered in the House on February 1, 2010, specifies that, except as provided otherwise, counties and cities using locally-imposed REET revenues for park maintenance and operation expenditures may not use these revenues for the acquisition of capital projects specified in a capital facilities plan element of a comprehensive plan. It also includes allowances for spending REET revenues on certain capital projects. The substitute also specifies
projects that do and do not qualify as "capital projects" after June 30, 2012. The substitute passed in the House by voice vote on February 1, 2010.
Referred to the House Finance Committee on February 3, 2010.