BILL · 2015–16 SESSION

SB 6462: Leasehold excise tax credit

Concerning a leasehold excise tax credit for properties of market value in excess of ten million dollars.

Summary

  • A credit is allowed against the leasehold excise tax for leasehold interests in real property owned by the University of Washington or Washington State University where the leasehold excise tax exceeds the property tax that would apply if the real property was privately owned. the real property parcel must exceed $10 million in market value.

From the Senate Bill Report (Orig.) (SB 6462), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 21, 2016
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Barbara Bailey (R-10)
Introduced
January 21, 2016 in the Senate
Last action
March 10, 2016
Companion bill
HB 2523
Budget
Has a fiscal note

AN ACT Relating to a leasehold excise tax credit for properties of market value in excess of ten million dollars;

Sponsors

Prime sponsor: Barbara Bailey (R-10)

3 co-sponsors (2 Democrats, 1 Republican)

Votes

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

History

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

SB 6462 in other sessions

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

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