BILL · 2019–20 SESSION · LATEST VERSION SHB 2620

HB 2620: Multiple-unit dwellings/tax

Expanding the property tax exemption for new and rehabilitated multiple-unit dwellings in urban growth areas.

Summary

  • Authorizes all cities, and all counties that are planning under the Growth Management Act, to provide the Multifamily Property Tax Exemption (MFTE).
  • Authorizes 12-year extensions of properties currently exempt under the MFTE.
  • Establishes minimum density requirements for residential targeted areas.
  • Modifies the MFTE several additional ways.

From the House Bill Report (HB 2620), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedJan 16, 2020
  2. Out of committeeFeb 11, 2020
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Amy Walen (D-48)
Introduced
January 16, 2020 in the House
Last action
February 21, 2020
Requested by
Governor
Companion bill
SB 6411
Budget
Has a fiscal note
Versions
HB 2620, SHB 2620

AN ACT Relating to expanding the property tax exemption for new and rehabilitated multiple-unit dwellings in urban growth areas;

Sponsors

Votes

No recorded floor votes.

History

  1. Returned to Rules Committee for second reading. (SHB 2620)
  2. Returned to Rules Committee for second reading.
  3. Rules Committee relieved of further consideration. Placed on second reading. (SHB 2620)
  4. Rules Committee relieved of further consideration. Placed on second reading.
  5. Referred to Rules 2 Review. (SHB 2620)
  6. Referred to Rules 2 Review.
  7. FIN - Majority; 1st substitute bill be substituted, do pass. (SHB 2620)
  8. FIN - Majority; 1st substitute bill be substituted, do pass.
  9. First reading, referred to Finance.

HB 2620 in other sessions

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

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