Bill > HJR4200

This joint resolution proposes a constitutional amendment to modify the taxation provisions in Article VII, Section 1 of the Washington State Constitution, specifically focusing on personal property tax exemptions. The key change involves increasing the personal property tax exemption from $15,000 to $50,000, which would allow individuals to exempt a larger amount of personal property from taxation. The resolution requires the secretary of state to submit this amendment to voters at the next general election, allowing qualified voters to approve or reject the proposed change. If ratified, the amendment would provide more substantial tax relief by expanding the personal property tax exemption. The resolution also mandates that the secretary of state publish notice of this proposed constitutional amendment at least four times in legal newspapers across the state during the four weeks preceding the election, ensuring voters are informed about the potential change to the state's tax framework.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=4200&Year=2025&Initiative=false