Washington 2023-2024 Regular Session

Washington House Bill HB2428

Introduced
1/18/24  
Refer
1/18/24  
Report Pass
1/31/24  
Refer
1/31/24  
Engrossed
2/8/24  
Refer
2/12/24  
Report Pass
2/20/24  
Enrolled
3/4/24  
Chaptered
3/14/24  

Caption

Allowing cities to voluntarily share certain sales and use tax revenue.

Impact

The impact of HB2428 on state laws is significant, as it modifies existing provisions related to municipal taxation. The bill introduces a framework through which cities can negotiate tax revenue sharing agreements, which may lead to a more cooperative approach to economic development across city lines. This legislation could alter how tax revenues are traditionally centralized, granting municipalities greater flexibility in managing and utilizing their funds in a more collaborative manner.

Summary

House Bill 2428 aims to enhance economic cooperation among municipalities by allowing cities to voluntarily share certain sales and use tax revenues. By enabling local governments to collaborate on tax distribution, this bill seeks to strengthen financial ties between cities, potentially fostering regional economic development. Advocates of HB2428 argue that this approach will not only benefit local economies but will also encourage multi-city projects and initiatives, addressing common challenges such as funding for infrastructure and public services.

Sentiment

Sentiment around HB2428 appears positive among supporters, who view it as a pragmatic solution to enhance local economies through cooperative strategies. By allowing cities to work together in this manner, advocates believe it will help streamline resources and boost overall economic growth. However, there may be some contention regarding the transparency and equity of such agreements, especially concerning how shared revenues would be calculated and distributed among participating municipalities.

Contention

While generally supported, the bill does raise questions about the logistics of implementation and potential inequalities between wealthier and less affluent cities. Critics may be concerned about how tax sharing could inadvertently disadvantage smaller municipalities or those with less robust economic bases, raising issues about fairness and sustainability. The discussions around these concerns are vital as they will shape the bill’s final form and its reception among a diverse range of stakeholders in the community.

Companion Bills

No companion bills found.

Previously Filed As

WA SB6272

Dedicating the state share of cannabis excise tax revenue to counties and cities.

WA SB5610

Revised for 1st Substitute: Allowing the horse racing commission to impose a fee and use sales tax revenues for federal regulatory compliance.

WA HB1778

Sharing state sales tax revenues with local governments and not increasing the state or local sales tax rate.

WA HB1703

Establishing an equine industry tax credit, allowing the horse racing commission to impose a fee, and using equine industry sales tax revenues for federal regulatory compliance.

WA LB479

Change the distribution of sales and use tax revenue

WA HB1889

Allowing persons to receive professional licenses and certifications regardless of immigration or citizenship status.

WA SB5687

Increasing the share of sales tax revenue dedicated to performance audits.

WA HB2283

Allowing state employees living in an emergency or disaster area to receive shared leave.

WA HB2052

Allowing agricultural employees to voluntarily waive overtime requirements for up to 15 workweeks in a calendar year.

WA SB6124

Allowing state employees living in an emergency or disaster area to receive shared leave.

Similar Bills

No similar bills found.