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Published on Friday, February 2, 2018

Bill seeking to incentivize commercial office space development on the move

HB 2981, Rep. Jake Fey (D-Tacoma), saw swift action on February 1 in the House Local Government Committee when it received both a public hearing and was voted out of committee.

HB 2981 would allow a city in a county with a population less than 1,500,000 to create a local sales and use tax remittance program and a local property tax reinvestment program to incentivize the development of commercial office space. The bill would also require the Joint Legislative Audit and Review Committee (JLARC) to study its effectiveness and submit a report to the Legislature by October 1, 2028.

AWC supports this measure as it aligns with our economic development priority to encourage economic vitality in cities across the state.

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