Exempts real estate excise tax for sales of qualified affordable housing in Washington.
The bill provides a real estate excise tax exemption for the sale of qualified affordable housing in Washington. This includes sales by affordable homeownership facilitators to low-income households and transfers of residential property by legal representatives of persons with developmental disabilities to qualified entities. The exemption applies to properties used for low-income housing and requires compliance with certain conditions, such as maintaining the property for a specified period and using it for its intended purpose.
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