Washington SB5748 allows cities and counties to offset impact fees with a sales or use tax, subject to voter approval.

Washington SB5748 introduces a mechanism for cities and counties to replace impact fees with a sales or use tax, provided the tax is approved by a simple majority of voters. The tax rate cannot exceed one percent of the selling price or the value of the article used. The tax must be used to fund public facilities that would have been supported by the impact fees. The tax rate is subject to review every three years. This bill aims to provide alternative funding for infrastructure while reducing barriers to new housing development.

Washington SB5748 allows cities and counties to offset impact fees with a sales or use tax, subject to voter approval.

Washington SB5748 introduces a mechanism for cities and counties to replace impact fees with a sales or use tax, provided the tax is approved by a simple majority of voters. The tax rate cannot exceed one percent of the selling price or the value of the article used. The tax must be used to fund public facilities that would have been supported by the impact fees. The tax rate is subject to review every three years. This bill aims to provide alternative funding for infrastructure while reducing barriers to new housing development.