Washington legislation · 2025-26 Regular Session
Washington HB2451: Local tax increment fin.
Status: Signed into law, March 23, 2026
Concerning local tax increment financing.
What the bill says
An act Relating to local tax increment financing; amending RCW 39.114.010, 39.114.020, 39.114.030, 39.114.040, 39.114.050, and 39.89.020; reenacting and amending RCW 84.14.020; and providing an effective date.
From the introduced text:
AN ACT Relating to local tax increment financing; amending RCW 39.114.010, 39.114.020, 39.114.030, 39.114.040, 39.114.050, and 39.89.020; reenacting and amending RCW 84.14.020; and providing an effective date. Sec. 1. RCW 39.114.010 and 2024 c 236 s 1 are each amended to read as follows: The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Assessed value of real property" means the valuation of taxable real property as placed on the last completed assessment roll prepared pursuant to Title 84 RCW. (2) "Consumer price index" means the consumer price index for all urban consumers in the west region as published by the United States bureau of labor statistics. (3) "Increment area" means the geographic area within which regular property tax revenues are to be apportioned to pay public improvement costs, as authorized under this chapter. (((3)))(4) "Increment value" means 100 percent of any increase in the true and fair value of real property in an increment area that is placed on the tax rolls after the increment area takes effect. The increment value shall not be less than zero. (((4)))(5) "Local government" means any city, town, county, port district, or any combination thereof. (((5)))(6) "Ordinance" means any appropriate method of taking legislative action by a local government, including a resolution adopted by a port district …
Sponsors
- Davina Duerr (D) · primary sponsor
- April Berg (D)
- Lisa Parshley (D)
Latest actions
- : Effective date 6/2/2026.
- : Chapter 141, 2026 Laws.
- : Governor signed.
- : Delivered to Governor.
- : President signed.
- : Speaker signed.
- : Third reading, passed; yeas, 48; nays, 1; absent, 0; excused, 0.
- : Rules suspended. Placed on Third Reading.
- : Placed on second reading by Rules Committee.
- : Passed to Rules Committee for second reading.
Votes
- 3rd Reading & Final Passage (March 5, 2026): 48 yea, 1 nay, passed
- Senate Committee on Ways & Means: Do pass (March 2, 2026): 23 yea, 0 nay, passed
- Senate Committee on Local Government: Do pass (February 23, 2026): 5 yea, 0 nay, passed
- 3rd Reading & Final Passage (February 13, 2026): 93 yea, 1 nay, passed
- House Committee on Finance: The second substitute bill be substituted therefor and the second substitute bill do pass and do not pass the substitute bill by Committee on Local Government (February 9, 2026): 13 yea, 0 nay, passed
- House Committee on Local Government: The substitute bill be substituted therefor and the substitute bill do pass (January 30, 2026): 7 yea, 0 nay, passed
Subjects: LOCAL GOVERNMENT
Common questions
- What is HB2451?
- HB2451 is a bill in the Washington Legislature (2025-26 Regular Session): Local tax increment fin.
- What does HB2451 do?
- In its own words: An act Relating to local tax increment financing; amending RCW 39.114.010, 39.114.020, 39.114.030, 39.114.040, 39.114.050, and 39.89.020; reenacting and amending RCW 84.14.020; and providing an effective date.
- What is the status of HB2451?
- Signed into law as of March 23, 2026. Latest action: Effective date 6/2/2026. (March 23, 2026).
- Who sponsored HB2451?
- Davina Duerr (D), with 2 co-sponsors.
- Where is the official record for HB2451?
- On the Washington Legislature website: https://app.leg.wa.gov/billsummary?BillNumber=2451&Year=2025
Source: official Washington record. Tracked by Delilah, AI for legislation across all 50 states and Congress.