This bill adds new sections to RCW chapters 82.08 and 82.12 and to chapter 43.167, creating a new revenue allocation and oversight regime. Beginning January 1, 2026, 30% of the state tax imposed under RCW 82.08.020(1) on each retail sale at a defined "qualified facility" must be deposited into the community preservation and development authority account in RCW 43.167.040, split equally between an operating subaccount and a capital subaccount. The bill establishes a semiannual calculation and transfer process: an unspecified "department" must calculate amounts by November 1 and May 1 for the prior six months, notify the state treasurer by December 1 and June 1, and the treasurer must deposit funds by December 31 and June 30. A "qualified facility" is defined by seating and facility-size thresholds in the text. The bill also adds policy and review requirements to chapter 43.167 RCW. It declares legislative intent to fund community preservation and development authorities serving communities adversely affected by large public facilities and directs the Joint Legislative Audit and Review Committee (JLARC) to review the funding and report to the legislature by December 1, 2034, with specific outcome criteria JLARC must evaluate for a possible extension of the funding expiration. JLARC is authorized to use state-collected data for its review. Each authority must submit a biennial report by November 1 of each odd-numbered year on strategic plans, use of funding, and community impacts. The act is set to expire January 1, 2037. Legally, this bill creates new law by adding sections to existing RCW chapters, implements a procedural change for tax revenue allocation and transfer, establishes reporting and audit requirements, and sets a limited duration with conditions for possible extension. Important details are not included in the provided text: the identity of "the department" responsible for calculations and notifications, the specific provisions of RCW 82.08.020(1) (the precise tax imposed), and the detailed creation, approval criteria, powers, or account structure for community preservation and development authorities referenced in RCW 43.167 and RCW 43.167.040.

Starting January 1, 2026, 30% of the state sales tax collected on retail sales at certain large stadium-type "qualified facilities" in counties that have a community preservation and development authority will be set aside and deposited into that authority’s account, split evenly between operating and capital uses, with semiannual calculation, notification, and deposit deadlines. That dedicated revenue stream would be available to those local authorities through January 1, 2037, and JLARC must review outcomes and report by December 1, 2034 to inform any extension. The most affected parties are the community preservation and development authorities and the counties that form them, which would gain new funding to help small businesses, make building repairs, improve safety and livability, address litter and homelessness impacts, and support low‑income and workforce housing and outreach. Operators of qualifying stadiums see the tax revenue from retail sales at their sites redirected to these local accounts, and the state treasurer plus an unspecified state department take on new calculation, notification, and deposit duties; the authorities must also submit biennial reports. The facts provided do not identify which department handles the calculations, the detailed rules for the account subaccounts, or the authorities’ approval process.