WA People
BILL · 2021–22 SESSION · LATEST VERSION ESSB 5408

SB 5408: Homestead exemption

Concerning the homestead exemption.

Summary

  • Changes the homestead exemption amount to the greater of $125,000, or the county median sale price of a single-family home.
  • Allows appreciation of the property to be included in the exemption after a bankruptcy filing, even if it exceeds the statutory limit.

From the Engrossed Substitute House Bill Report (ESSB 5408), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 290, Laws of 2021
  1. IntroducedFeb 2, 2021
  2. Out of committeeFeb 15, 2021
  3. Passed SenateMar 2, 2021
  4. Passed HouseApr 8, 2021
  5. GovernorMay 12, 2021
  6. LawMay 12, 2021
Prime sponsor
Derek Stanford (D-1)
Introduced
February 2, 2021 in the Senate
Last action
May 12, 2021
Session law
Chapter 290, Laws of 2021
Budget
Has a fiscal note
Versions
SB 5408, ESSB 5408

AN ACT Relating to the homestead exemption;

Sponsors

Prime sponsor: Derek Stanford (D-1)

11 co-sponsors (11 Democrats, 0 Republicans)

Senator D-47Manka Dhingra D-45Bob Hasegawa D-11Patty Kuderer D-48Liz Lovelett D-40Joe Nguyen D-34Emily Randall D-26June Robinson D-38Christine Rolfes D-23Rebecca Saldaña D-37Lisa Wellman D-41

Votes

Senate · 3rd Reading & Final Passage

Passed March 2, 2021
Version voted on: ESSB 5408
46 Yea 2 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican17201
How each member voted

Nay (2)

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the House

Passed April 8, 2021
Version voted on: ESSB 5408
95 Yea 3 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat57000
Republican38300
How each member voted

Yea (95)

Permalink to this vote

House · Final Passage as Amended by the House

Passed April 16, 2021
Version voted on: ESSB 5408
94 Yea 3 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat56001
Republican38300
How each member voted

Yea (94)

Excused (1)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed April 19, 2021
Version voted on: ESSB 5408
42 Yea 7 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat28100
Republican14600
How each member voted
Permalink to this vote

History

  1. Effective date 5/12/2021. (ESSB 5408)
  2. Chapter 290, 2021 Laws. (ESSB 5408)
  3. Governor signed. (ESSB 5408)
  4. Delivered to Governor. (ESSB 5408)
  5. Speaker signed. (ESSB 5408)
  6. President signed. (ESSB 5408)
  7. Passed final passage; yeas, 42; nays, 7; absent, 0; excused, 0. (ESSB 5408)
  8. Senate concurred in House amendments. (ESSB 5408)
  9. Third reading, passed; yeas, 94; nays, 3; absent, 0; excused, 1. (ESSB 5408)
  10. Rules suspended. Placed on Third Reading. (ESSB 5408)
  11. Floor amendment(s) adopted. (ESSB 5408)
  12. Returned to second reading for amendment. (ESSB 5408)
  13. Rules suspended. (ESSB 5408)
  14. House receded from amendments. (ESSB 5408)
  15. Senate refuses to concur in House amendments. Asks House to recede from amendments. (ESSB 5408)
  16. Third reading, passed; yeas, 95; nays, 3; absent, 0; excused, 0. (ESSB 5408)
  17. Rules suspended. Placed on Third Reading. (ESSB 5408)
  18. Committee amendment(s) adopted with no other amendments. (ESSB 5408)
  19. Committee amendment not adopted. (ESSB 5408)
  20. Rules Committee relieved of further consideration. Placed on second reading. (ESSB 5408)
  21. Referred to Rules 2 Review. (ESSB 5408)
  22. FIN - Executive action taken by committee. (ESSB 5408)
  23. Minority; without recommendation. (ESSB 5408)
  24. FIN - Majority; do pass with amendment(s) but without amendment(s) by Civil Rights & Judiciary. (ESSB 5408)
  25. Referred to Finance. (ESSB 5408)
  26. CRJ - Executive action taken by committee. (ESSB 5408)
  27. Minority; without recommendation. (ESSB 5408)
  28. CRJ - Majority; do pass with amendment(s). (ESSB 5408)
  29. First reading, referred to Civil Rights & Judiciary. (ESSB 5408)
  30. Third reading, passed; yeas, 46; nays, 2; absent, 0; excused, 1. (ESSB 5408)
  31. Rules suspended. Placed on Third Reading. (ESSB 5408)
  32. Floor amendment(s) adopted. (ESSB 5408)
  33. Rules suspended. (ESSB 5408)
  34. 1st substitute bill substituted. (ESSB 5408)
  35. 1st substitute bill substituted.
  36. Placed on second reading by Rules Committee. (ESSB 5408)
  37. Placed on second reading by Rules Committee.
  38. LAW - Majority; 1st substitute bill be substituted, do pass. (ESSB 5408)
  39. Minority; without recommendation. (ESSB 5408)
  40. Passed to Rules Committee for second reading. (ESSB 5408)
  41. Passed to Rules Committee for second reading.
  42. Minority; without recommendation.
  43. LAW - Majority; 1st substitute bill be substituted, do pass.
  44. First reading, referred to Law & Justice.

SB 5408 in other sessions

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

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