WA People
BILL · 2025–26 SESSION · LATEST VERSION 2SHB 2590

HB 2590: Limited equity cooperatives

Exempting limited equity cooperatives from the Washington uniform common interest ownership act.

Summary

  • Exempts limited equity cooperatives from the Washington Uniform Common Interest Ownership Act (WUCIOA).
  • Updates what is considered a limited equity cooperative for the purpose of the property tax exemption for real property owned by a limited equity cooperative that provides owned housing for low-income households and adds the definition to WUCIOA.

From the Second Substitute Senate Bill Report (2SHB 2590), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 20, 2026
  2. Out of committeeFeb 9, 2026
  3. Passed HouseFeb 17, 2026
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Strom Peterson (D-21)
Introduced
January 20, 2026 in the House
Last action
March 12, 2026
Budget
Has a fiscal note
Versions
HB 2590, SHB 2590, 2SHB 2590

AN ACT Relating to exempting limited equity cooperatives from the Washington uniform common interest ownership act;

Sponsors

Prime sponsor: Strom Peterson (D-21)

2 co-sponsors (2 Democrats, 0 Republicans)

Julia Reed D-36Alex Ramel D-40

Votes

House · 3rd Reading & Final Passage

Passed February 17, 2026
Version voted on: 2SHB 2590
67 Yea 30 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat58001
Republican93000
How each member voted

Yea (67)

Excused (1)

Permalink to this vote

History

  1. By resolution, returned to House Rules Committee for third reading. (2SHB 2590)
  2. Senate Rules "X" file. (2SHB 2590)
  3. Placed on second reading by Rules Committee. (2SHB 2590)
  4. Minority; without recommendation. (2SHB 2590)
  5. WM - Majority; do pass. (2SHB 2590)
  6. Passed to Rules Committee for second reading. (2SHB 2590)
  7. Minority; without recommendation. (2SHB 2590)
  8. And refer to Ways & Means. (2SHB 2590)
  9. HSG - Majority; do pass. (2SHB 2590)
  10. Referred to Ways & Means. (2SHB 2590)
  11. First reading, referred to Housing. (2SHB 2590)
  12. Third reading, passed; yeas, 67; nays, 30; absent, 0; excused, 1. (2SHB 2590)
  13. Rules suspended. Placed on Third Reading. (2SHB 2590)
  14. 2nd substitute bill substituted. (2SHB 2590)
  15. 2nd substitute bill substituted. (SHB 2590)
  16. 2nd substitute bill substituted.
  17. Rules Committee relieved of further consideration. Placed on second reading. (2SHB 2590)
  18. Rules Committee relieved of further consideration. Placed on second reading. (SHB 2590)
  19. Rules Committee relieved of further consideration. Placed on second reading.
  20. Minority; without recommendation. (2SHB 2590)
  21. Minority; do not pass. (2SHB 2590)
  22. FIN - Majority; 2nd substitute bill be substituted, do pass. (2SHB 2590)
  23. Referred to Rules 2 Review. (2SHB 2590)
  24. Referred to Rules 2 Review. (SHB 2590)
  25. FIN - Majority; 2nd substitute bill be substituted, do pass. (SHB 2590)
  26. Minority; do not pass. (SHB 2590)
  27. Minority; without recommendation. (SHB 2590)
  28. FIN - Executive action taken by committee. (SHB 2590)
  29. FIN - Executive action taken by committee.
  30. Minority; without recommendation.
  31. Minority; do not pass.
  32. FIN - Majority; 2nd substitute bill be substituted, do pass.
  33. Referred to Rules 2 Review.
  34. Referred to Finance. (SHB 2590)
  35. Referred to Finance.
  36. Minority; do not pass. (SHB 2590)
  37. CRJ - Majority; 1st substitute bill be substituted, do pass. (SHB 2590)
  38. CRJ - Executive action taken by committee.
  39. CRJ - Majority; 1st substitute bill be substituted, do pass.
  40. Minority; do not pass.
  41. First reading, referred to Civil Rights & Judiciary.

HB 2590 in other sessions

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

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