State of Washington Adopts Tax Increment Financing—What Governments and Developers Should Know
By EsqSocial Corporation 18/05/21
After years of discussion, the State of Washington has finally adopted a comprehensive tax increment financing law permitting local governments to create “increment areas” and use tax increment financing to fund public improvements with the revenues used to support general obligation or revenue debt. House Bill 1189 (“HB 1189”) was signed into law by Governor Inslee May 10 after substantial amendments were adopted in the Washington Senate and the final bill was passed in the House with a 68-30...
By: Snell & Wilmer