Council considers affordable housing sales tax credit
House Bill 1406 encourages investments in affordable and supportive housing
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Last updated 10/8/2019 at 5:35pm
The City of Mill Creek is considering a local revenue sharing program by providing up to 0.0146 percent local sales and use tax credited against the state sales tax for housing investments. This tax is available in increments of 0.0073 percent.
State lawmakers approved a bill encouraging investments in affordable and supportive housing across Washington. House Bill 1406 was signed into law by Gov. Jay Inslee on May 9.
The tax credit would be in place for up to 20 years, as stated in the City Council agenda packet. It can be used for acquiring, rehabilitating, or constructing affordable ho...
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