Establishes a sales and use tax remittance program for affordable housing projects in Washington.

The bill creates a sales and use tax remittance program for affordable housing projects in Washington. It defines "affordable housing" as housing for low-income households and sets criteria for qualifying projects, including dedicating at least 50% of residential units to low-income households for 40 years. Eligible organizations, including nonprofit developers and public housing authorities, can apply for tax exemptions on materials and labor for qualifying projects. The bill outlines application procedures, review processes, and conditions for tax remittance.

Establishes a sales and use tax remittance program for affordable housing projects in Washington.

The bill creates a sales and use tax remittance program for affordable housing projects in Washington. It defines "affordable housing" as housing for low-income households and sets criteria for qualifying projects, including dedicating at least 50% of residential units to low-income households for 40 years. Eligible organizations, including nonprofit developers and public housing authorities, can apply for tax exemptions on materials and labor for qualifying projects. The bill outlines application procedures, review processes, and conditions for tax remittance.