Washington DOR Issues Special Notice on Legislative Changes to Tax Increment Financing

The Washington Department of Revenue (DOR) issued a special notice concerning legislative changes to tax increment financing. The notice provides general guidance and assistance for county assessors, county treasurers, local governments, and other taxing districts impacted by a Local Tax Increment Finance area. The notice reflects some of the common questions since the initial passage of legislation in 2021, and subsequent revisions in 2023 and 2024. [Wash. Dep’t of Revenue, Special Notice, 06/17/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.