Published on Sep 09, 2022
Reporting reminder for Affordable Housing Sales Tax (HB 1406)
Jurisdictions receiving Affordable and Supportive Housing Sales Tax distributions, authorized by HB 1406, must submit an annual expenditure report by October 1.
The 2019 Encouraging Investments in Affordable and Supportive Housing Act (RCW 82.14.540) authorized a new state-shared local tax for investments in affordable and supportive housing.
Affordable and Supportive Housing Sales and Use Tax revenues can be used for affordable housing activities benefiting households with incomes at 60% or less of the area median income, including new construction, acquisition, and preservation/rehabilitation.
Some jurisdictions use the revenues to provide rent assistance for income-eligible households.
The Washington State Department of Commerce has provided instructions and an online, eight-question reporting form.
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