Bill > HB2026

This bill amends the definition of "combined disposable income" in the property tax exemption program for low-income seniors, disabled, and disabled veterans. The key provisions are: 1. It includes up to $6,000 per year in rental income from the person's principal place of residence as part of the combined disposable income calculation, with an exception for short-term rentals which must be reported as income separately. 2. The changes apply to taxes levied for collection in 2027 and thereafter. 3. The tax preference and its expansion are intended to be permanent, so the typical expiration provisions (RCW 82.32.805 and 82.32.808) do not apply. The purpose of this bill is to allow eligible low-income individuals to receive a property tax exemption while also generating some rental income from their primary residence, up to a certain threshold.