Football stadium deferral

From the 2024 DOR Tax Exemption Study

36.102.070 - Football stadium deferral Description Public stadium authorities are eligible to defer sales and use taxes on the construction of: - Professional football and soccer stadiums. - Adjacent exhibition centers. Deferred sales tax is repayable over 10 years, starting five years after the stadium becomes operational. Qwest Field (Now Lumen Field) and its exhibition center, which qualified for the deferral, were completed in 2002. Repayment began in 2007 and was completed in 2016. Purpose Encourage the construction of a professional football and soccer stadium and adjacent exhibition center in Washington. 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 $0.000 Repeal of Repealing this deferral would not increase revenues. The public stadium authority exemption has repaid the deferred taxes. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions Currently, no public facilities district uses this deferral. Data Sources Department of Revenue, Excise tax data Additio