Amends the definition of timberland for real estate excise tax purposes in Washington.

This bill amends the definition of timberland for purposes of determining the real estate excise tax for a governmental entity in Washington. It specifies that timberland includes land classified under chapter 84.34 RCW, designated under chapter 84.33 RCW, or transferred to a governmental entity managing it as designated forestland or classified timberland. The bill also adjusts the excise tax rates and thresholds for real property sales, including timberland and agricultural land.

Amends the definition of timberland for real estate excise tax purposes in Washington.

This bill amends the definition of timberland for purposes of determining the real estate excise tax for a governmental entity in Washington. It specifies that timberland includes land classified under chapter 84.34 RCW, designated under chapter 84.33 RCW, or transferred to a governmental entity managing it as designated forestland or classified timberland. The bill also adjusts the excise tax rates and thresholds for real property sales, including timberland and agricultural land.