HB 1104: Salmon recovery

Summary

• $ Finds it in the public interest to provide funding options to assist counties with salmon recovery and shoreline master program updates and to assist private landowners in complying with these laws.
• $ Allows deposit of payments of additional tax or interest payable under RCW 84.34.108 [removal of current use classification] into county salmon habitat/shorelines protection/restoration account after payment of tax collection expenses.
• $ Allows deposit of any compensating tax or interest payable under chapter 84.33 RCW [timber and forest tax] into the same fund after collection expenses are paid.
• $ Allows a county legislative authority to establish a special salmon recovery/shoreline update fund to which it may credit all moneys collected for this purpose pursuant to RCW 82.46.070 [additional excise tax for conservation areas], RCW 84.34.230 [conservation futures tax] and this act.
• $ Authorizes a tax deduction for banking and other mortgage entities of one percent of a mortgage balance for properties for which the entities = mortgage is subordinated to a non-profit nature conservancy organization = s right to enforce ? conservation purposes @ [defined regarding protection of listed species = habitat and shorelines] of the gift in perpetuity.

From the House Bill Analysis (HB 1104), written by the Legislature's nonpartisan staff. Read the full report ↗