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Form 8889 online Bellevue Washington: What You Should Know

City of Bellevue to provide a special tax exclusion for the contributions of certain employees, their spouses, and dependents of such employees to an HSA that (i) is in effect during a taxable period which begins on or after the first day of the calendar year in which such contribution is made and ends on January 31 of the following year and (ii) is held for more than one tax year. If there is more than one taxable year of an employee's contribution (or that of an employee's family member who does not meet the requirements under subparagraph (ii)) of an HSA, the contribution of the employee or family member to an HSA must occur during the calendar year of the most recent contribution. HSA contribution (or contribution by a family member) of employee who does not meet the contribution requirements. City of Bellevue To authorize the exercise of the exclusive rights for the purpose of investing and withdrawing the net income from the City's HSA for specified educational purposes within one (1) year of the end of the calendar year of the City's HSA and within two (2) years of the end of each succeeding taxable year during which the City of Bellevue is eligible to make such investing and withdrawal of the net income. The City of Bellevue also reserves the right to exercise the exclusive rights to invest and withdraw the net income if the investment or withdrawal is otherwise prohibited under §1.861(c) of the State of Washington Investment and Retention Act. Resolution Table — Bellevue City Code The City of Bellevue has filed for the issuance of the City of Bellevue Property Tax Increment Financing Authority Bonds. The City of Bellevue is required to borrow a minimum of 150,000,000 from the King County General Obligation Debt Fund, on the State's preference basis, between now and 2027.  The City is proposing to borrow a minimum of 5,300,000 (of which it could earn interest) and will issue 75,000,000 in four bonds. King County to make up to 25 million in annual tax increment allocation district payments. The King County Council approved an investment plan with 25 million in annual tax increment allotment (TIG) payment support from 2024 to 2037. This plan allows for an increased amount of TIG to be directed to transit projects rather than roads.

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