BILL · 2025–26 SESSION · LATEST VERSION SSB 5385

SB 5385: Timberland definition/REET

Amending the definition of timberland for purposes of determining the real estate excise tax for a governmental entity.

Summary

  • Modifies the definition of timberland for purposes of the real estate excise tax to include certain forestlands transferred or sold to a governmental entity.

From the Senate Bill Report (SB 5385), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 21, 2025
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Mike Chapman (D-24)
Introduced
January 21, 2025 in the Senate
Last action
January 12, 2026
Requested by
State agency
Companion bill
HB 1641
Budget
Has a fiscal note
Versions
SB 5385, SSB 5385

AN ACT Relating to the definition of timberland for the purposes of determining the real estate excise tax for a governmental entity;

Sponsors

Prime sponsor: Mike Chapman (D-24)

2 co-sponsors (2 Democrats, 0 Republicans)

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SSB 5385)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Ways & Means. (SSB 5385)
  4. Referred to Ways & Means.
  5. And refer to Ways & Means. (SSB 5385)
  6. ANR - Majority; 1st substitute bill be substituted, do pass. (SSB 5385)
  7. ANR - Majority; 1st substitute bill be substituted, do pass.
  8. And refer to Ways & Means.
  9. First reading, referred to Agriculture & Natural Resources.

SB 5385 in other sessions

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

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