WA People
BILL · 2023–24 SESSION

SB 5027: American dream homes

Promoting housing affordability by incentivizing the construction of American dream homes.

Summary

  • Authorizes a person to request a permit until December 31, 2033, for an American Dream Home to encourage the development of single family homes for low-income housing.
  • Limits permit fees to $1,250 and exempts impact fees on the development of American Dream Homes.
  • Distributes the state portion of certain sales and use taxes from the construction of American Dream Homes to counties and cities.
  • Provides builders of an American Dream Home a 4 percent business and occupation tax credit on the sale price of the home.
  • Exempts the value of an American Dream Home from property taxation for 12 years.

From the Senate Bill Report (SB 5027), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 9, 2023
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Phil Fortunato (R-31)
Introduced
January 9, 2023 in the Senate
Last action
January 8, 2024
Budget
Has a fiscal note

AN ACT Relating to promoting housing affordability by incentivizing the construction of American dream homes;

Sponsors

Prime sponsor: Phil Fortunato (R-31)

7 co-sponsors (0 Democrats, 7 Republicans)

Mike Padden R-4Jeff Holy R-6Jeff Wilson R-19John Braun R-20Shelly Short R-7Judy Warnick R-13Chris Gildon R-25

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. Minority; without recommendation.
  3. And refer to Ways & Means.
  4. HSG - Majority; do pass.
  5. Referred to Ways & Means.
  6. First reading, referred to Housing.
  7. Prefiled for introduction.

SB 5027 in other sessions

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

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