Washington HB2559 allows local governments to impose a special excise tax on short-term rentals to fund essential affordable housing programs.

HB2559 provides a local government option for funding essential affordable housing programs through a special excise tax on short-term rentals. The tax applies to the sale or charge for lodging of short-term rentals and can be imposed by counties, cities, or towns. The tax rate is limited to the lesser of two percent or a rate that, when combined with all other taxes on lodging sales, does not exceed twelve percent.

Washington HB2559 allows local governments to impose a special excise tax on short-term rentals to fund essential affordable housing programs.

HB2559 provides a local government option for funding essential affordable housing programs through a special excise tax on short-term rentals. The tax applies to the sale or charge for lodging of short-term rentals and can be imposed by counties, cities, or towns. The tax rate is limited to the lesser of two percent or a rate that, when combined with all other taxes on lodging sales, does not exceed twelve percent.