REMINDER: TWO MORE WEEKS!
Affordable and Supportive Housing Sales and Use Tax Expenditures REPORTS DUE AUG. 30
Background
The 2019 Encouraging Investments in Affordable and Supportive Housing Act (RCW 82.14.540) authorized a state-shared local tax for investments in affordable and supportive housing.
Affordable and Supportive Housing Sales and Use Tax revenues can be used for many affordable housing activities to benefit households with incomes at 60% or less of the Area Median Income, including new construction, acquisition and preservation/rehabilitation. Some jurisdictions may also use the revenues to provide rent assistance for income-eligible households and for administrative costs.
Counties and cities receiving revenues from the Affordable and Supportive Housing Sales and Use Tax must report annually to the Department of Commerce on the collection and use of those revenues.
Action requested
Commerce asks that jurisdictions receiving Affordable and Supportive Housing Sales Tax distributions to submit an expenditure and assistance report. An online survey is provided for reporting.
DEADLINE
Participating jurisdictions must report by Friday, Aug. 30, 2024.
Questions?
Email Camille Gix at [email protected], Policy Coordinator, for assistance.
Additional information
A detailed description of the Legislature’s reporting requirements and previous reports prepared by Commerce are available online.
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