HomeMy WebLinkAboutRes 2145 - Support Nomination of Certain Eligible Census Tracts for Designation Under New Opportunity Zones ProgramCity of Tukwila
Washington
Resolution No. 2145
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, SUPPORTING THE
NOMINATION OF CERTAIN ELIGIBLE CENSUS TRACTS
FOR DESIGNATION UNDER THE NEW OPPORTUNITY
ZONES PROGRAIVI (OZ 2.0) IN THE CITY OF TUKWILA.
WHEREAS, the Federal Opportunity Zone Program is a Federal Tax Incentive
created as part of the Tax Cuts and Job Acts in 2017 to encourage private investment in
low-income census tracts (''Opportunity Zones"); and
WHEREAS, in 2025, the Federal Government revised the Opportunity Zone Program
and the new program (°'OZ 2.0") will take effect on January 1, 2027; and
WHEREAS, as a requirement of the new program, State Governors must nominate
census tracts to become Opportunity Zones; and
WHEREAS, Washington State requires submissions for consideration by the
governor to be submitted by May 28, 2026; and
WHEREAS, certain census tracts within the City of Tukwila continue to experience
economic challenges;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, HEREBY RESOLVES AS FOLLOWS:
Section 1. The City of Tukwila has experienced new development under the current
Opportunity Zone Program and desires to attract future development under the revised
Opportunity Zone Program.
Section 2. The City Council of the City of Tukwila hereby endorses the nomination
of the census tracts 530330-262-00, 530330-263--00, 530330-264-00, 530330-271-00,
530330-272-00, 530330-273-00, 530330-281-00, and 530330-282-00 to be designated
as Opportunity Zones under the revised program as reflected on the map attached as
Exhibit A and incorporated herein by reference.
2025 Legislation: Supporting Cppartunity Zranes
Version_ 05.05)202B
Staff. a_ Speck
Page 1 of 2
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at
a Regular Meeting thereof this 18th day of May, 2026.
ATTESTIA UTH E N T I LATE D
APPROVED AS TO FORM BY:
Office of the City Attorney
Attachment: Exhibit A — Map of Census Tracts
2026 Legislation: Supporting Opportunity&orres
Version; O5f05f2026
Staff: D. Speck
Armen P2pyan, Council President
Filed with the City Clerk: 05112f2D26
Passed by the City Council: 05/18/2026
Resolution Number: 2145
Page 2 of 2
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May 5, 2026
Eligible Census Tracts
530330-262-00
530330-263-00
530330-264-00
530330-271-00
530330-272-00
530330-281-00
530330-282-00
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