Pretty impressive document. Issued by the Office of Program Research Washington House of Representatives and published on April 29, 2019. Read more here . . .
Amendments to the Real Estate Excise Tax (REET) were passed by the legislature on April 28. The bill, SB 5998, was focused on amendments to the REET, which is levied on sale of a home. It raises $243.5 million over two years, while creating a small tax cut for some home sellers. The bill changes the state portion of the real-estate excise tax, usually paid by people selling homes, from a flat 1.28% to a graduated rate.
Washington state’s Senate released its two year operating budget proposal last Friday, March 29, just a few days after the House’s operating budget proposal.S enate budget writers have taken critical steps in the right direction with their investments and budget priorities.The 2019-2021 Senate budget proposal makes huge strides toward ensuring we have a tax code in which the wealthy pay their fair share, and low-income people get a much-needed break. It also makes significant investments in many of the basic needs assistance programs that low-income kids and adults rely on during hard times. This information was provided by Poverty Action Network. More information is available at poverty action.org.
Take action here and send an email to your Senator letting them know what you think of the Senate budget proposal! If you’d like to see our comparisons of all three budget proposals, do so here.
Hearing of House Housing, Community Development & Veterans Committee on homelessness bills 1219, 1377, 1406 and 1207
The state legislature’s Housing, Community Development & Veterans Committee has passed four homelessness bills (described below). These bills would enable local communities and religious organizations to develop affordable housing using existing tax bases. You can take action on these bills by clicking on the link in each paragraph below, and click on "Comment on this Bill." The comment link will take you to a page that requests your address and email information, a button where you can indicate support, oppose or neutral. You need to make a comment but it can be short - "please support the bill."