Concerning real estate as it concerns the local government authority in the use of real estate excise tax revenues and regulating real estate transactions.
Summary
Authorizes counties and cities that impose real estate excise taxes to use the greater of $100,000 or 25 percent of available funds, not to exceed $1 million per year, from collected revenues for the maintenance of specified capital projects.
Authorizes counties and cities that impose additional real estate excise taxes to use the greater of $100,000 or 25 percent of available funds, not to exceed $1 million per year, from collected revenues for the planning, acquisition, construction, reconstruction, repair, replacement, rehabilitation, improvement, and maintenance of specified capital projects.
Requires counties and cities to post electronically on a web site maintained by the entity with which the Department of Commerce contracts for the provision of municipal research and services any ordinance, resolution, or policy adopted by the county or city that imposes certain requirements on landlords or sellers of real property.
From the Engrossed House Bill Report (EHB 2122), written by the Legislature's nonpartisan staff. Read the full report ↗
EnactedEnacted · Chapter 10, Laws of 2015, 2nd Special Session
AN ACT Relating to real estate as it concerns the local government authority in the use of real estate excise tax revenues and regulating real estate transactions;