WA SB5460

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

Qualified facilities are defined as 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

Funds support communities adversely impacted by major public facilities through small business assistance, unreinforced masonry repairs, homelessness remediation, and low-income/workforce housing

Joint Legislative Audit and Review Committee must review the funding program and report findings to the legislature by December 1, 2034

Community preservation and development authorities must submit biennial reports on strategic plans, funding use, and community impacts; the act expires January 1, 2037