H-1624.1
SUBSTITUTE HOUSE BILL 1791
State of Washington
69th Legislature
2025 Regular Session
By House Finance (originally sponsored by Representatives Paul, Low, Ramel, Peterson, Nance, Springer, and Leavitt)
READ FIRST TIME 02/26/25.
AN ACT Relating to increasing the flexibility of existing funding sources to fund public safety and other facilities by modifying the local real estate excise tax; amending RCW 82.45.010 , 82.45.010 , 82.46.010 , 82.46.015 , 82.46.035 , and 82.46.037 ; creating a new section; providing an effective date; and providing an expiration date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 82.45.010 and 2022 c 199 s 3 are each amended to read as follows:
(1) As used in this chapter, the term "sale" has its ordinary meaning and includes any conveyance, grant, assignment, quitclaim, or transfer of the ownership of or title to real property, including standing timber, or any estate or interest therein for a valuable consideration, and any contract for such conveyance, grant, assignment, quitclaim, or transfer, and any lease with an option to purchase real property, including standing timber, or any estate or interest therein or other contract under which possession of the property is given to the purchaser, or any other person at the purchaser's direction, and title to the property is retained by the vendor as security for the payment of the purchase price. The term also includes the grant, assignment, quitclaim, sale, or transfer of improvements constructed upon leased land.