WA People
BILL · 2009–10 SESSION · LATEST VERSION SHB 1495

HB 1495: Neighborhood stabilization

Providing real estate excise tax exemptions to stabilize neighborhoods.

Summary

  • Exempts qualifying low-income buyers and qualifying nonprofit housing organizations from paying real estate excise taxes with respect to the purchase of foreclosed/unoccupied housing.
  • Limits the total amount of exempted taxes to $750,000 per year statewide and ends the exemption for the duration of that year once the $750,000 threshold is reached.

From the House Bill Report (HB 1495), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 21, 2009
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Eric Pettigrew (D-37)
Introduced
January 21, 2009 in the House
Last action
March 15, 2010
Budget
Has a fiscal note
Versions
HB 1495, SHB 1495

AN ACT Relating to real estate excise tax exemptions to stabilize neighborhoods;

Sponsors

Prime sponsor: Eric Pettigrew (D-37)

4 co-sponsors (4 Democrats, 0 Republicans)

Sharon Nelson D-34Phyllis Gutierrez Kenney D-46Scott White D-46Timm Ormsby D-3

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SHB 1495)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SHB 1495)
  4. By resolution, reintroduced and retained in present status.
  5. Referred to Finance. (SHB 1495)
  6. Referred to Finance.
  7. LGH - Majority; 1st substitute bill be substituted, do pass. (SHB 1495)
  8. Minority; do not pass. (SHB 1495)
  9. Minority; do not pass.
  10. LGH - Majority; 1st substitute bill be substituted, do pass.
  11. LGH - Executive action taken by committee.
  12. First reading, referred to Local Government & Housing.

HB 1495 in other sessions

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

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