WA People
BILL · 2007–08 SESSION · LATEST VERSION SSB 5404

SB 5404: Multi-dwelling units

Modifying property tax exemption provisions relating to new and rehabilitated multiple-unit dwellings in urban centers to provide affordable housing requirements.

Summary

  • A housing affordability requirement is added to the tax exemption program. For rental developments, a minimum of 20 percent of the units must be reserved for households whose adjusted income is less than 60 percent of the median family income, adjusted for family size, for the county where the housing is located.

From the Senate Bill Report (SB 5404), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 18, 2007
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Ken Jacobsen (D-46)
Introduced
January 18, 2007 in the Senate
Last action
January 14, 2008
Budget
Has a fiscal note
Versions
SB 5404, SSB 5404

AN ACT Relating to tax incentives for certain multiple-unit dwellings in urban centers that provide affordable housing;

Sponsors

Prime sponsor: Ken Jacobsen (D-46)

5 co-sponsors (4 Democrats, 1 Republican)

Mary Margaret Haugen D-10Bob McCaslin R-4Adam Kline D-37Brian Weinstein D-41Jeanne Kohl-Welles D-36

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SSB 5404)
  2. By resolution, reintroduced and retained in present status.
  3. CPH - Majority; 1st substitute bill be substituted, do pass. (SSB 5404)
  4. Minority; do not pass. (SSB 5404)
  5. On motion, referred to Ways & Means. (SSB 5404)
  6. On motion, referred to Ways & Means.
  7. Minority; do not pass.
  8. CPH - Majority; 1st substitute bill be substituted, do pass.
  9. First reading, referred to Consumer Protection & Housing.

SB 5404 in other sessions

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

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