Historic property rehabilitation

From the 2024 DOR Tax Exemption Study

Home Laws & Rules Interim Guidance Statement Regarding The Application Of The Tax Deferral Program For Multifamily Housing Authorized By Chapter 82.59 RCW Print Interim guidance statement regarding the application of the tax deferral program for multifamily housing authorized by chapter 82.59 RCW This interim guidance statement expired on April 11, 2025 and was replaced by WAC 458-20-305 - Sales and use tax deferral – Conversion of underutilized commercial property into affordable housing. September 6, 2024 Purpose This interim guidance explains the administration of chapter 82.59 RCW ( E2SSB 6175 ). The Department of Revenue (Department) is currently engaged in the process of standard rulemaking for chapter 82.59 RCW and this guidance may be relied upon prior to adoption of the rule. Background Chapter 82.59 RCW establishes a limited sales and use tax deferral program to encourage the conversion of underutilized commercial property to multifamily housing units to increase affordable housing. If a legislative authority of any city finds that there are significant areas of underutilized commercial property and a lack of affordable housing within that city, that legislative authority