Creating a sales and use tax remittance program for affordable housing.



ENGROSSED SUBSTITUTE HOUSE BILL 1717

State of Washington

69th Legislature

2026 Regular Session

By House Finance (originally sponsored by Representatives Leavitt, Low, Richards, Shavers, Walen, Parshley, Reed, and Nance)

READ FIRST TIME 02/03/26.

AN ACT Relating to a sales and use tax remittance program for affordable housing; adding a new chapter to Title 82 RCW; and providing an effective date.

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

NEW SECTION. Sec. 1. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.

(1) "Affordable housing" means residential housing that is rented by a person or household whose monthly housing costs, including utilities other than telephone, do not exceed 30 percent of the household's monthly income. For residential housing that is owned by a person or household, the household's monthly housing costs, which include mortgage principal, interest, property taxes, homeowner insurance, homeowner association fees, and land lease fees, may not exceed 38 percent of the household's monthly income.