S-4403.1
SUBSTITUTE SENATE BILL 5647
State of Washington
69th Legislature
2026 Regular Session
By Senate Ways & Means (originally sponsored by Senators Alvarado, Frame, Saldaña, Trudeau, and Valdez)
READ FIRST TIME 02/04/26.
AN ACT Relating to providing a real estate excise tax exemption for the sale of qualified affordable housing; amending RCW 82.45.010 ; amending 2019 c 385 s 1 (uncodified); and providing an expiration date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 82.45.010 and 2025 c 159 s 1 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.