Washington HB1355 modifies retail tax compacts with tribes to increase revenue-sharing percentages for completed capital investments.

Washington HB1355 amends existing law to modify retail tax compacts between the state and federally recognized tribes. The bill increases the revenue-sharing percentages for compacting tribes that have completed a qualified capital investment. These investments must be contributions to the development and construction of a project agreed upon by the governor and the tribe. The compacts must include provisions for resolving disputes, verifying compliance, and delineating roles and responsibilities. The bill also specifies that tax revenue from new development is not included in the estimate.

Washington HB1355 modifies retail tax compacts with tribes to increase revenue-sharing percentages for completed capital investments.

Washington HB1355 amends existing law to modify retail tax compacts between the state and federally recognized tribes. The bill increases the revenue-sharing percentages for compacting tribes that have completed a qualified capital investment. These investments must be contributions to the development and construction of a project agreed upon by the governor and the tribe. The compacts must include provisions for resolving disputes, verifying compliance, and delineating roles and responsibilities. The bill also specifies that tax revenue from new development is not included in the estimate.