summary
Introduced
01/23/2026
01/23/2026
In Committee
01/23/2026
01/23/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT Relating to homeowner and renter tax relief; amending RCW 2 84.48.010, 84.69.020, and 82.03.190; adding a new section to chapter 3 84.36 RCW; adding a new section to chapter 84.52 RCW; adding a new 4 title to the Revised Code of Washington to be codified as Title 84A 5 RCW; creating a new section; prescribing penalties; and providing a 6 contingent effective date. 7
AI Summary
This bill establishes a new homestead exemption and a renter's credit to provide property tax relief, with the homestead exemption applying to state property taxes and exempting the first $500,000 of a residence's valuation starting in 2028, with annual adjustments for inflation, and requiring claimants to occupy the property as their principal residence and file annual declarations, while the renter's credit, beginning in 2028, allows eligible renters to receive a refund of rent that constitutes property taxes, calculated as 2% of gross rent paid in the preceding year, with specific conditions and application procedures, and both provisions are contingent on the approval of a related constitutional amendment.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
First reading, referred to Ways & Means. (on 01/23/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=6295&Year=2025&Initiative=false |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/Senate%20Bills/6295.pdf |
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