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HB 1324 - Establishes the Washington Rural Development and Opportunity Zone Act - Washington Key Vote

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Title: Establishes the Washington Rural Development and Opportunity Zone Act

Signed by Governor Jay Inslee


Title: Establishes the Washington Rural Development and Opportunity Zone Act

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Title: Establishes the Washington Rural Development and Opportunity Zone Act

Vote Smart's Synopsis:

Vote to pass with amendment a bill that establishes a program for developing rural and opportunity zone areas, and extends a reduced Business and Occupation Tax rate on certain timber-related activities.

Highlights:

 

  • Requires the Washington state institute for public policy to conduct a study on certain programs incentivizing private investment and job creation in rural and distressed communities, and to submit a report on these findings to the legislature no later than July 1, 2020 (Sec. 2).

  • Extends the expiration date of the timber products business and occupation tax rate and the surcharge to 2056 (Sec. 3).

  • Specifies that if specific funding for this act is not provided by June 30, 2019, in the omnibus appropriations act, this act is null and void (Sec. 7).

Full Bill Text

Title: Establishes the Washington Rural Development and Opportunity Zone Act

Title: Establishes the Washington Rural Development and Opportunity Zone Act

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