Exemptions — Leasehold interests in public lands used for affordable housing.

RCW 82.29A.139
in effect
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(1) All leasehold interests in public lands are exempt from tax under this chapter, for the duration of the lease, when used for the placement of affordable housing under the following conditions: (a) A lessee must commit to renting or selling 100 percent of the units as permanently affordable for low-income and moderate-income households; and (b) The term of the lease is at least 20 years. (2) The department of natural resources may adopt rules, pursuant to chapter 34.05 RCW, as are necessary to properly administer this section. (3) Affordable housing for low-income households must be prioritized by the department of natural resources and the lessee when receiving the exemption under this section. (4) For purposes of this section: (a) "Affordable housing" has the same meaning as in RCW 84.14.010 . (b) "Low-income household" has the same meaning as in RCW 84.14.010 . (c) "Moderate-income household" has the same meaning as in RCW 84.14.010 . (d) "Public lands" has the same meaning as in RCW 79.02.010 . (1) All leasehold interests in public lands are exempt from tax under this chapter, for the duration of the lease, when used for the placement of affordable housing under the following conditions: (a) A lessee must commit to renting or selling 100 percent of the units as permanently affordable for low-income and moderate-income households; and (b) The term of the lease is at least 20 years. (2) The department of natural resources may adopt rules, pursuant to chapter 34.05 RCW, as are necessary to properly administer this section. (3) Affordable housing for low-income households must be prioritized by the department of natural resources and the lessee when receiving the exemption under this section. (4) For purposes of this section: (a) "Affordable housing" has the same meaning as in RCW 84.14.010 . (b) "Low-income household" has the same meaning as in RCW 84.14.010 . (c) "Moderate-income household" has the same meaning as in RCW 84.14.010 . (d) "Public lands" has the same meaning as in RCW 79.02.010 .
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=82.29A&full=trueFetched: 6/29/2026
RCW 82.29A.139 — Exemptions — Leasehold interests in public lands used for affordable housing | Revised Code of Washington | Corpus