Progressive Real Estate Excise Tax for Affordable Housing (Bill #SB-6294) | Real Briefings

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Real Briefings — Legislation Tracker
Bill #SB-6294

Progressive Real Estate Excise Tax for Affordable Housing

State Bill Committee Discussion Whatcom County
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State Bill
Type
Committee Discussion
Status

Summary

Companion bill to HB 2442 establishing a progressive real estate excise tax with graduated rates from 1.1% on sales under $525,000 to 3% on sales over $3.025 million for affordable housing. The council approved support for this legislation, with debate centered on implementation complexity and tax equity.

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