H-3298.1 _______________________________________________
HOUSE BILL 2383
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State of Washington 53rd Legislature 1994 Regular Session
By Representatives Kremen, Linville, Kessler, Romero, Conway, Jones and Sheldon
Read first time 01/14/94. Referred to Committee on Revenue.
AN ACT Relating to property tax deferrals for senior citizens and disabled persons; amending RCW 84.38.030; creating a new section; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 84.38.030 and 1991 c 213 s 2 are each amended to read as follows:
A claimant may defer payment of special assessments and/or real property taxes on up to eighty percent of the amount of the claimant's equity value in the claimant's residence if the following conditions are met:
(1) The claimant must meet all requirements for an exemption for the residence under RCW 84.36.381, other than the income limits and the land size limit.
(2)(a) The claimant must have a combined disposable income, as defined in RCW 84.36.383, of thirty thousand dollars or less.
(b) The land on which the residence stands must not exceed five acres at the time of the first filing by a claimant under this chapter, and the amount of land for which taxes are deferred may not be increased after the first filing by a claimant under this chapter.
(3) The claimant must have owned, at the time of filing, the residence on which the special assessment and/or real property taxes have been imposed. For purposes of this subsection, a residence owned by a marital community or owned by cotenants shall be deemed to be owned by each spouse or cotenant. A claimant who has only a share ownership in cooperative housing, a life estate, a lease for life, or a revocable trust does not satisfy the ownership requirement.
(4) The claimant must have and keep in force fire and casualty insurance in sufficient amount to protect the interest of the state in the claimant's equity value: PROVIDED, That if the claimant fails to keep fire and casualty insurance in force to the extent of the state's interest in the claimant's equity value, the amount deferred shall not exceed one hundred percent of the claimant's equity value in the land or lot only.
(5) In the case of special assessment deferral, the claimant must have opted for payment of such special assessments on the installment method if such method was available.
NEW SECTION. Sec. 2. Section 1 of this act is effective for taxes levied for collection in 1994 and thereafter.
NEW SECTION. Sec. 3. This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately.
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