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WA SB5516
Bill
Status
Passed
5/17/2025
Primary Sponsor
Steven Conway
Click for details
AI Summary
- Expands the definition of "community center" eligible for property tax exemption to include surplus university property (not just school district property) purchased by nonprofits for nonresidential coordinated community services
- Creates a temporary 10-year property tax exemption for qualifying university surplus properties converted to community centers, applicable for tax years 2026 through 2035
- Clarifies that community centers may loan or rent space to businesses, individuals, or other parties while maintaining their tax-exempt status
- Maintains the existing 40-year property tax exemption period for community centers created from surplus school district property
- Passed unanimously (Senate 49-0, House 95-0) and takes effect July 27, 2025
Legislative Description
Modifying the property tax exemption for community centers.
Last Action
Effective date 7/27/2025.
5/17/2025
Committee Referrals
Rules4/7/2025
Finance3/5/2025
Rules2/18/2025
Ways & Means1/27/2025
Full Bill Text
No bill text available