Gov. Jay Inslee signed a bill Monday designed to help developers with impact fees.
Senate Bill 5923, sponsored by Sen. Sharon Brown, R-Kennewick, will allow residential builders to defer payment of impact fees until a home reaches final inspection, receives a certificate of occupancy or has its first sale closing, depending on how a local government chooses to deal with it.
Cities and counties can impose the impact fees to offset the cost of facilities.
“This new law is one of the ways that we can support our residential construction industry — by examining the payment and collection of impact fees and the role they play in dis-incentivizing new home construction,” Brown, chair of the Senate Trade and Economic Development Committee, said in a statement.
Local governments using impact fees include the Pasco School District, which uses them to help pay for new school construction, and the city of Pasco’s park impact fee.