Washington – Local Infrastructure Financing Tax

SALT Report 2693 – The Washington State Legislature passed a Bill that extends the expiration date of the State’s local infrastructure financing tool (LIFT) program until June 30, 2044.  The LIFT program allows a sponsoring local government to increase the local sales and use tax rate in certain “revenue development areas.” The revenues derived from the tax increases are used to pay for public improvements in those areas.

Because of this, the Legislature also amended certain provisions to reflect that the tax cannot be imposed if the sponsoring local government or cosponsoring local government fails to begin public improvement construction by June 30, 2017.

For Further Information

Washington State Legislature – House Bill 1306, Laws 2013