Bill > HB1819

This bill increases the personal property tax exemption from $15,000 to $100,000 of true and fair value. It also requires the exemption amount to be adjusted annually for inflation based on the Washington state minimum wage inflation adjustment. The bill's provisions will only take effect if a proposed amendment to the state constitution, which would provide for the $100,000 personal property exemption, is approved by voters at the next general election.