WA People
BILL · 2019–20 SESSION

SB 5582: Affordable housing/REET

Increasing funding for affordable housing.

Summary

  • Increases the real estate excise taxes on property that sells for one million dollars or more to fund affordable housing. Requires money received from the excise taxes to be deposited into the public works assistance account, the education legacy trust account, the city-county assistance account, the Washington housing trust fund, and the general fund.

From the Bill Digest (SB 5582), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 24, 2019
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Rebecca Saldaña (D-37)
Introduced
January 24, 2019 in the Senate
Last action
January 13, 2020
Budget
Has a fiscal note

AN ACT Relating to increasing funding for affordable housing;

Sponsors

Prime sponsor: Rebecca Saldaña (D-37)

4 co-sponsors (4 Democrats, 0 Republicans)

Senator D-22Karen Keiser D-33Patty Kuderer D-48Joe Nguyen D-34

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 5582 in other sessions

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

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