Washington § 82.92.007 - Purpose.

Full text of Washington Revised Code of Washington § 82.92.007 — Purpose., with citation guidance and answers to common questions.

§ 82.92.007. Purpose.

It is the purpose of this chapter to encourage the redevelopment of underdeveloped land in targeted urban areas, thereby increasing affordable housing, employment opportunities, and helping accomplish the other planning goals of Washington cities. The legislative authorities of cities to which this chapter applies may authorize a sales and use tax deferral for an investment project within the city if the legislative authority of the city finds that there are significant areas of underdeveloped land and a lack of affordable housing in areas proximate to the land. If a conditional recipient maintains the property for qualifying purposes for at least 10 years, deferred sales and use taxes need not be repaid.
[ 2022 c 241 s 2.]

Notes

Tax preference performance statement—2022 c 241: See note following RCW 82.92.030.

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Frequently Asked Questions About Washington § 82.92.007

What does Revised Code of Washington § 82.92.007 cover?

Section 82.92.007 ("Purpose.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 82.92.007?

A common citation format is "Revised Code of Washington § 82.92.007" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 82.92.007 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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