WA People
BILL · 2021–22 SESSION · LATEST VERSION SSB 5642

SB 5642: Affordable housing/REET

Exempting a sale or transfer of real property for affordable housing to a nonprofit entity, housing authority, public corporation, county, or municipal corporation from the real estate excise tax.

Summary

  • Exempts from real estate excise tax the sale or transfer of real property to a nonprofit, cooperative association, housing authority, public corporation, county, or municipal corporation if the property is used for housing for low-income persons.

From the Senate Bill Report (SB 5642), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 10, 2022
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Mark Mullet (D-5)
Introduced
January 10, 2022 in the Senate
Last action
February 3, 2022
Companion bill
HB 1643
Budget
Has a fiscal note
Versions
SB 5642, SSB 5642

AN ACT Relating to exempting a sale or transfer of real property for affordable housing to a nonprofit entity, housing authority, public corporation, county, or municipal corporation from the real estate excise tax;

Sponsors

Prime sponsor: Mark Mullet (D-5)

2 co-sponsors (0 Democrats, 2 Republicans)

Senator R-18Chris Gildon R-25

Votes

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

History

  1. Referred to Ways & Means. (SSB 5642)
  2. HLG - Majority; 1st substitute bill be substituted, do pass. (SSB 5642)
  3. And refer to Ways & Means. (SSB 5642)
  4. And refer to Ways & Means.
  5. HLG - Majority; 1st substitute bill be substituted, do pass.
  6. Referred to Ways & Means.
  7. First reading, referred to Housing & Local Government.
  8. Prefiled for introduction.

SB 5642 in other sessions

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

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