Bill > HB1042

This bill establishes a mechanism for county treasurers to recover their costs associated with billing, collecting, and distributing property taxes on behalf of various local government entities. Under the proposed legislation, county treasurers can set a cost recovery fee that can be charged to taxing districts, with specific limitations: the fee cannot exceed one percent of a district's tax roll in counties larger than 250,000 residents and two percent in smaller counties. The first $50,000 of a district's aggregate collections are excluded from the fee calculation, and real estate excise tax administration and other existing recoverable costs are not included. The recovered costs will be credited to a county treasurer's cost recovery fund without budget limitations and can be used to fund ongoing tax-related operations. Treasurers must notify affected taxing districts of the cost recovery fee by September 1st of the current year, and any capitalized expenditures cannot be recovered over a period longer than the asset's useful life. The bill recognizes the county treasurer's critical role in managing financial transactions for various local government entities and provides a structured approach for them to recoup the costs of these essential services.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=1042&Year=2025&Initiative=false