Washington HB1791 modifies the local real estate excise tax to increase funding flexibility for public safety and other facilities.

Washington HB1791 amends the local real estate excise tax to enhance funding flexibility for public safety and other facilities. The bill allows cities and counties to use tax revenues for capital projects, maintenance, operation, and service support of existing capital projects, including affordable housing. It also specifies conditions for tax exemptions on certain property transfers, such as those involving nonprofit organizations or housing for low-income persons.

Washington HB1791 modifies the local real estate excise tax to increase funding flexibility for public safety and other facilities.

Washington HB1791 amends the local real estate excise tax to enhance funding flexibility for public safety and other facilities. The bill allows cities and counties to use tax revenues for capital projects, maintenance, operation, and service support of existing capital projects, including affordable housing. It also specifies conditions for tax exemptions on certain property transfers, such as those involving nonprofit organizations or housing for low-income persons.