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Bill would extend community-center property-tax exemption to surplus university property; Parkland cited as example
Summary
Senate Bill 5516 would expand a community-center property-tax exemption to include surplus buildings acquired from nonprofit universities when repurposed as community centers. Testimony highlighted the Parkland Community Center project and estimated multi-million-dollar renovation work and community services.
Senate Bill 5516 would expand Washington's property-tax exemption for community centers to include surplus property and buildings acquired from nonprofit universities when the acquiring nonprofit converts the property for use as a community center.
Committee staff explained the existing exemption applies to surplus property and buildings of a school district acquired by a nonprofit and used as a community center; SB 5516 would add surplus property of nonprofit colleges and universities…
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