Baseball stadium deferral

From the 2024 DOR Tax Exemption Study

82.45.195 - Standing timber Additional Additional Information Information Category: Business Year Enacted: 2007 Primary Beneficiaries: Those harvesting timber Taxpayer Count: 36 Program Inconsistency: None evident JLARC Review: Full review completed in 2016 with upcoming review in 2024 2024 Tax Exemption Study Page 746 Chapter 20 Retail Sales and Use Tax 2024 Tax Exemption Study Page 747 36.100.090 - Baseball stadium deferral Description The original construction of a public baseball stadium, owned by a public facilities district, qualifies for a sales and use taxes deferral if it: - Has a retractable roof or canopy. - Has natural turf. The construction of Safeco Field (now T-Mobile Park) was completed in January 2000, and the repayments of deferred sales and use taxes were completed in 2014. Purpose To encourage the construction of a professional baseball stadium in King County. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this deferral would not increase revenues. The public facilities district exemption that constructed the stadium has repaid the deferred ta