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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionCity of Bellevue
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameHigh-Technology Sales and Use Tax Deferral
Program purpose: General Economic Development
Statutory authority: RCW 82.63
Abating jurisdiction(s): State of Washington
Applicable taxesSales and use Tax
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $531,000
Reimbursement / offset: $0
Net revenue loss: $531,000
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://bellevuewa.gov/sites/default/files/media/pdf_document/2023/City%...