Bill > SB5960

This bill proposes to increase the personal property tax exemption in Washington state from $15,000 to $100,000. The bill also includes a provision to automatically adjust the exemption amount annually for inflation based on the state's minimum wage inflation adjustment. The changes would 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 in the next general election. If the constitutional amendment is not approved, the bill would be void.