WA HB2650

Amends the Targeted Underdeveloped Urban Areas tax deferral program to remove the June 9, 2022 date restriction for qualifying surface parking lots and clarifies notification requirements between cities, conditional recipients, and the Department of Revenue

Requires local real estate excise tax changes to take effect no sooner than 75 days after written notification to the Department of Revenue and only on January 1, April 1, or July 1

Establishes identical timing requirements for lodging tax changes—75 days written notice to the department and effective dates limited to January 1, April 1, or July 1

Mandates that annexation-related tax changes include legal descriptions, boundary maps, and parcel number lists in the notification to the department

Requires the Department of Revenue to review and provide tax deferral certificates within 60 days of receiving a complete application under the affordable housing deferral program