Concerning revenues from the excise tax on real estate transactions imposed by cities and counties under RCW 82.46.035.

 H-0849.1

HOUSE BILL 1694

State of Washington

69th Legislature

2025 Regular Session

By Representatives Thai, Zahn, Parshley, Street, Peterson, Duerr, Kloba, Hill, Macri, and Ryu

Read first time 01/29/25. Referred to Committee on Finance.

AN ACT Relating to revenues from the excise tax on real estate transactions imposed by cities and counties under RCW 82.46.035 ; and amending RCW 82.46.035 .

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

Sec. 1. RCW 82.46.035 and 2021 c 296 s 12 are each amended to read as follows:

(1) Except for revenues used after May 13, 2021, through December 31, 2023, as provided in subsection (3) of this section, the legislative authority of any county or city must identify in the adopted budget the capital projects funded in whole or in part from the proceeds of the tax authorized in this section, and must indicate that such tax is intended to be in addition to other funds that may be reasonably available for such capital projects.