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Spokane Valley Washington Form 5304-SIMPLE: What You Should Know

Tax Strategies for Business Owners — Spokane, WA Accounting Firm SPOKANE, WA. — The Spokane Municipal Commission has approved an incentive package totaling 10 million for construction of a new streetcar route between the Spokane International Airport and downtown Spokane. The commission approved a “reallocation” of that funding for a plan that supports the city's future transit needs.  Tacoma Public Transit (TPL) July 1, 2024 — Tacoma, Washington, the City of Tacoma and the Tacoma Public Transit Authority have entered into a contract for the design and construction of a new 3.5 billion Transit City Transit Center at a total cost of approximately 1.2 billion, with an initial construction start date of 2020. This contract will provide new light rail construction and new bus maintenance facilities for the Tacoma region. It will also support growth in the area surrounding the new transit center through an expansion of the Light Rail Transit (ART) network throughout the region. The existing transit centers in downtown Tacoma were not equipped for rapid growth and are now falling to ruin. With these new facilities, Tacoma will continue to grow as an integral part of the region. The new facility will be equipped to support the growing transit users of the region, both from those now living in the city at a location close to their work place, and from those making plans to live or work in Tacoma. Construction of the Transit City Transit Center and the new Light Rail Transit Network, as well as the expansion of the existing light rail system in the region will begin in 2024 and be completed by 2024 with the construction of two additional transit centers in Tacoma and the development of a new rail line, known as Strain Tacoma Link. This light rail system will not only enhance the already stellar transit in the area, but will enhance it further and make it into an even greater transportation hub. Spokane Municipal Commission August 15, 2024 — State of Washington, the city of Spokane and the City of Spokane are one of the four cities (along with Bellevue, Issaquah, Redmond and Renton) to request permission to take advantage of the state's “Tax Increment Reinvestment Zone”. According to city officials, the zone creates a new business tax collection stream at the city level. In addition, the city can create a new business tax collection stream at the State level.

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