WA HB1408

Beginning January 1, 2026, 30% of state sales tax revenue from retail sales at qualified facilities must be deposited into the community preservation and development authority account, split equally between operating and capital subaccounts.

Qualified facilities are defined as open-air stadiums with at least 68,000 fixed seats and 300,000 square feet of event space, or venues with at least 47,000 seats and a retractable roof, located in counties with a community preservation and development authority.

The Department of Revenue must calculate and report collected taxes by November 1st and May 1st each year, with funds deposited by December 31st and June 30th respectively.

Community preservation and development authorities must submit biennial reports to the legislature by November 1st of each odd-numbered year detailing their strategic plan, funding use, and community impacts.

The Joint Legislative Audit and Review Committee must review the funding program by December 1, 2034, evaluating impacts on economic vitality, livability, and housing needs; the act expires January 1, 2037.