Concerning the collection of a motor vehicle excise tax approved by voters of a regional transit authority in 2016.
Summary
Requires a regional transit authority (RTA) that includes portions of a county with a population of more than 1.5 million persons, if it imposes a motor vehicle excise tax (tax) of up to 0.8 percent first authorized in July 2015, to implement a market value adjustment program, under which a credit is allowed against tax due in an amount equal to the tax due under current law less the tax otherwise due based on the vehicle valuation schedule adopted in 2006, if the net result is positive.
Requires the RTA to implement the program in a manner that allows the delivery of the system and financing plan approved by the RTA's voters in 2016 to the extent practicable and, if the RTA is unable to meet the terms of the plan as originally adopted, the RTA is required to identify savings and cost reductions in a specified priority order.
Requires the RTA to submit annual reports to the transportation committees of the Legislature on the status of the delivery of the plan approved by the voters.
Requires the Department of Licensing, if contracting with the RTA for the collection of the tax, and after the RTA implements the market value adjustment program, to clearly indicate to taxpayers of the amount owed under current law, the amount of any credit applied, and the net result.
From the Engrossed House Bill Report (EHB 2201), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed House, stalled in Senate
AN ACT Relating to the collection of a motor vehicle excise tax approved by voters of a regional transit authority in 2016 by creating a market value adjustment program to provide a credit based on the difference between the vehicle valuation schedule used by the authority to determine the tax amount under current law and the vehicle valuation schedule in RCW 82.44.035 in a manner that limits the delay of the voter approved 2016 plan;