HB2227 provides a real estate excise tax exemption for the sale of qualified affordable housing in Washington.
HB2227 provides a real estate excise tax exemption for the sale of qualified affordable housing in Washington. The bill exempts the sale of residential property to a qualifying grantee that uses the property for housing for low-income persons. The qualifying grantee must receive or qualify the property for an exemption from real and personal property taxes. The property must be used as housing for low-income persons.
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