WA People
BILL · 2001–02 SESSION

SB 6103: Low-income housing

Establishing a funding source for local and state-administered low-income housing projects.

Summary

  • A new 1 percent real estate excise tax is imposed on real property that sells for at least $500,000 per housing unit (or $700,000 per housing unit plus accessory dwelling unit). 85 percent of the revenue generated by the tax remains in the county where the sale occurred to be used for low income housing, rent subsides, down payment assistance, etc.

From the Senate Bill Report (SB 6103), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 21, 2001
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
February 21, 2001 in the Senate
Last action
January 14, 2002
Budget
Has a fiscal note

AN ACT Relating to establishing a funding source for local and state-administered low-income housing projects;

Sponsors

Prime sponsor: Margarita Prentice (D-11)

5 co-sponsors (5 Democrats, 0 Republicans)

Adam Kline D-37Jeanne Kohl-Welles D-36Debbie Regala D-27Darlene Fairley D-32Harriet Spanel D-40

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Ways & Means.

SB 6103 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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