E2SHB 2354 — Creating an option for impacted taxing districts to provide a portion of their new revenue to support any tax increment area proposed within their jurisdiction and clarifying that a tax increment area must be dissolved when all bond obligations are paid.

What this bill does

Requires the project analysis conducted by a local government prior to establishing a tax increment area to assess impacts on local emergency medical services. Removes the requirement that local governments negotiate a mitigation plan with fire service entities when specified conditions are met. Requires a governing body of a taxing district within a tax increment area to approve the taxing district's participation in a proposed project by majority vote. Provides that a tax increment area expires prior to the sunset date if tax allocations are no longer necessary or obligated to pay any bonded indebtedness to fund public improvement costs.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

• House — 3rd Reading & Final Passage · February 12, 2024
  96 yea · 1 nay · 1 not voting
• House — Final Passage as Amended by the Senate · March 5, 2024
  96 yea · 0 nay · 1 not voting
• Senate — 3rd Reading & Final Passage as Amended by the Senate · March 1, 2024
  48 yea · 0 nay · 1 not voting

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Other bills sponsored by Street

• E2SHB 1170 — Improving climate resilience through updates to the state's integrated climate response strategy.
• SHB 1254 — Clarifying ambiguities in statutory provisions administered by the department of revenue relating to periodic adjustments.
• HB 1303 — Concerning the administration of property taxes.
• SHB 1513 — Improving traffic safety.
• HB 1640 — Concerning the governor's authority to grant pardons and commutations.