The Bellevue Chamber joined Washington Roundtable, Association of Washington Business, Seattle Metropolitan Chamber of Commerce, and Greater Spokane Inc. in responding to an income tax measure introduced in Olympia. While framed as a personal income tax, the proposal has clear implications for business activity, and deserves careful review.
As we evaluate the legislation, we’re focused on affordability impacts for families and employers, whether outcomes are tangible in communities, and how the policy affects long-term budget sustainability and Washington’s competitiveness.
Chamber President & CEO Joe Fain also flagged several structural issues that need closer review, including treatment of pass-through entities, charitable deductions, a potential marriage penalty, and interactions with other state tax policies.
Read more:
https://lnkd.in/g8Uv_wD4
Three Requirements That Apply Nowhere Else: Our Bel-Red LUCA Comment Letter
Three Requirements That Apply Nowhere Else: Our BelRed LUCA Comment Letter
Bellevue Chamber of Commerce | September 9, 2026
We filed a comment letter into the Planning Commission record for the September 9 session on the BelRed Look Forward Land Use Code Amendment. It is the first of our BelRed filings to argue the whole code rather than the street grid alone, and its argument is cumulative cost; not any single requirement, but what happens when all of them land on one project budget at once.
The conditions every project is working under
The letter starts with the market, as sales tax is among the highest in the country, construction costs are high, and rents are flat. Two costs are named outright: "Washington's energy code is among the most stringent and expensive in the country," and "construction financing today costs more than twice what it did during the previous building cycle." From that the letter draws a principle rather than a complaint.
Three obligations that apply at this scale nowhere else
BelRed then adds three requirements on top of that market, as many parcels must construct local streets as a condition of development. Because the area has no centralized stormwater system, "nearly all projects must build on-site detention facilities, in some cases equivalent in size to multiple Olympic swimming pools." And because regulated, degraded streams run through it, "many parcels must complete stream restoration before development can occur." The letter states the comparison plainly: "These three requirements do not apply at this scale anywhere else in Bellevue."
BelRed has two light rail stations and a 2009 subarea plan that anticipated substantial housing because of them.
What we asked the City for
Read the letter below to see the direct asks we made of the City, and for a more detailed policy position on the BelRed LUCA.
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Bellevue Chamber President & CEO Joe Fain: “In practical terms, this means taxpayers and employers from every corner of Washington would be directly subsidizing the City of Seattle’s budget.”
Read the editorial: https://lnkd.in/g-MttGZa
As we evaluate the legislation, we’re focused on affordability impacts for families and employers, whether outcomes are tangible in communities, and how the policy affects long-term budget sustainability and Washington’s competitiveness.
Chamber President & CEO Joe Fain also flagged several structural issues that need closer review, including treatment of pass-through entities, charitable deductions, a potential marriage penalty, and interactions with other state tax policies.
Read more: https://lnkd.in/g8Uv_wD4
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