Establishes a property tax exemption program for grocery stores in underserved communities in Washington.

The bill establishes a property tax exemption program for grocery stores located in underserved community zones in Washington. These zones are designated by local governing authorities based on criteria such as low-income and low-access areas. The program aims to preserve existing grocery stores, incentivize the rehabilitation of existing or vacant grocery store buildings, and encourage the construction of new grocery stores in underserved areas. The tax exemption applies to the value of the property for 30 years from the date the certificate of tax exemption is granted.

Establishes a property tax exemption program for grocery stores in underserved communities in Washington.

The bill establishes a property tax exemption program for grocery stores located in underserved community zones in Washington. These zones are designated by local governing authorities based on criteria such as low-income and low-access areas. The program aims to preserve existing grocery stores, incentivize the rehabilitation of existing or vacant grocery store buildings, and encourage the construction of new grocery stores in underserved areas. The tax exemption applies to the value of the property for 30 years from the date the certificate of tax exemption is granted.