Establishing funding for community preservation and development authorities approved through RCW 43.167.060.

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Plain-English Summary

This bill establishes a funding mechanism for community preservation and development authorities by directing a portion of state sales tax revenue from retail sales at large sports facilities. Starting in 2026, 30% of these sales taxes will be deposited into a dedicated account to support communities affected by major public facilities. The funding aims to improve economic vitality, livability, and housing needs in these areas, with an expiration date of January 1, 2037, unless extended after a legislative review.

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