Bill > SB6013

This bill expands the homeownership development property tax exemption to include real property sold to low-income households for building residences using a qualified mutual self-help housing program. The bill amends the existing law to provide a property tax exemption for real property owned by a nonprofit entity and sold to low-income households who will build their own residence through a mutual self-help housing program, in addition to the existing exemption for real property owned by a nonprofit entity or qualified cooperative association for developing or redeveloping residences to be sold to low-income households. The bill also makes some other changes to the existing law, such as clarifying when the exemption expires and extending the deadline for the Department of Revenue to accept applications for the initial exemption.

Budget and Finance, Housing and Urban Affairs

https://app.leg.wa.gov/billsummary?BillNumber=6013&Year=2023&Initiative=false