RCW 82.59.020 — Sales and use tax deferral program—Creation.

1. (1) For the purpose of creating a sales and use tax deferral program for conversion of a commercial building to provide affordable housing under this chapter, the governing authority must adopt a resolution of intention to create a sales and use tax deferral program as generally described in the resolution. The resolution must state the time and place of a hearing to be held by the governing authority to consider the creation of the tax deferral program and may include such other information pertaining to the creation of the deferral program as the governing authority determines to be appropriate to apprise the public of the action intended. However, the resolution must provide information pertaining to:

   1. (a) The application process;
   2. (b) The approval process;
   3. (c) The appeals process for applications denied approval; and
   4. (d) Additional requirements, conditions, and obligations that must be followed postapproval of an application.
2. (2) The governing authority must give notice of a hearing held under this chapter by publication of the notice once each week for two consecutive weeks, not less than seven days, nor more than 30 days before the date of the hearing in a paper having a general circulation in the city. The notice must state the time, date, place, and purpose of the hearing.
3. (3) Following the hearing or a continuance of the hearing, the governing authority may authorize the creation of the program.

[ 2024 c 332 s 4.]