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WA SB5264
Bill
Status
1/14/2025
Primary Sponsor
June Robinson
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AI Summary
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Increases revenue-sharing percentages for tribes that complete qualified capital investments: raises the share of state sales and use tax from new developments from 60% to 100%, and from non-new developments from 50% to 100%
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Authorizes the governor to enter compacts with federally recognized tribes regarding state sales tax, use tax, and certain business and occupation taxes on qualified transactions within tribal compact covered areas
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Requires qualified capital investments to be substantially proportionate to the tribe's estimated tax revenue under the compact compared to other compacts
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Preserves the existing $500,000 annual cap on tax sharing regardless of taxpayer type, with 25% sharing above the cap for tribes without qualified capital investments
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Department of Revenue may begin administering the provisions on or after July 1, 2027, with the act applying to compacts or amendments effective on or after January 1, 2028
Legislative Description
Modifying retail taxes compacts between the state of Washington and federally recognized tribes located in Washington state by increasing the revenue-sharing percentages when a compacting tribe has completed a qualified capital investment.
Last Action
By resolution, reintroduced and retained in present status.
1/12/2026