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Bill > HB1761


WA HB1761

WA HB1761
Increasing the personal property tax exemption.


summary

Introduced
02/06/2023
In Committee
02/24/2023
Crossed Over
Passed
Dead
04/12/2024

Introduced Session

Potential new amendment
2023-2024 Regular Session

Bill Summary

AN ACT Relating to increasing the personal property tax 2 exemption; amending RCW 84.36.110, 84.36.120, and 84.48.065; creating 3 a new section; and providing a contingent effective date. 4

AI Summary

This bill proposes to increase the personal property tax exemption from $15,000 to $40,000 of true and fair value. The bill amends existing laws to define personal effects and private motor vehicles, and allows the county assessor or treasurer to cancel or correct certain manifest errors in property assessments. The bill includes a contingent effective date, stating that the provisions will only take effect if a proposed constitutional amendment providing for the $40,000 personal property exemption is approved by voters.

Committee Categories

Budget and Finance

Sponsors (23)

Last Action

House Rules "X" file. (on 02/20/2024)

Taxonomy

Government Operations
  • ‐ Tax Administration and Collection of Revenue
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


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