WA People
BILL · 2009–10 SESSION · LATEST VERSION SSB 5753

SB 5753: Neighborhood stabilization

Providing real estate excise tax exemptions to stabilize neighborhoods.

Summary

  • Sales of qualifying residential housing units by qualifying sellers to qualifying buyers are exempt from the state REET until $1,000,000 of tax is exempted in any fiscal year. At that time, the exemption ends until the start of the next fiscal year.

From the Senate Bill Report (Orig.) (SB 5753), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 30, 2009
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jean Berkey (D-38)
Introduced
January 30, 2009 in the Senate
Last action
March 15, 2010
Budget
Has a fiscal note
Versions
SB 5753, SSB 5753

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

Sponsors

Prime sponsor: Jean Berkey (D-38)

5 co-sponsors (4 Democrats, 1 Republican)

Don Benton R-17Steve Hobbs D-44Senator D-35Chris Marr D-6Adam Kline D-37

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SSB 5753)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SSB 5753)
  4. By resolution, reintroduced and retained in present status.
  5. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 5753)
  6. And refer to Ways & Means. (SSB 5753)
  7. Referred to Ways & Means. (SSB 5753)
  8. Referred to Ways & Means.
  9. And refer to Ways & Means.
  10. FIHI - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5753 in other sessions

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

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