S-0928.2 _______________________________________________
SENATE BILL 5505
_______________________________________________
State of Washington 53rd Legislature 1993 Regular Session
By Senator Williams
Read first time 02/01/93. Referred to Committee on Ways & Means.
AN ACT Relating to delinquent property taxes; adding a new section to chapter 84.56 RCW; and adding a new section to chapter 84.38 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. A new section is added to chapter 84.56 RCW to read as follows:
RCW 84.56.020 notwithstanding, beginning with taxes payable in 1995 and thereafter, if the current year's taxes payable on real property exceed one hundred fifty percent of the previous year's taxes payable on the property:
(1) No interest or penalties may be assessed for the period from April 30th of the current year, through April 30th of the next year, on the amount that the current year's taxes exceed one hundred fifty percent of the previous year's taxes; and
(2) The provisions of RCW 84.56.020 regarding the payment of taxes on the property shall be computed separately for the amount that the current year's taxes do not exceed one hundred fifty percent of the previous year's taxes and for the remaining amount.
This section does not apply to taxes attributable to increases in value due to new construction, improvements to property, or the subdivision of land.
This section does not apply unless the taxpayer applies to the county treasurer for the benefits under this section, before April 30th of the current year for which taxes are payable.
NEW SECTION. Sec. 2. A new section is added to chapter 84.38 RCW to read as follows:
RCW 84.38.100 notwithstanding, beginning with taxes payable in 1995 and thereafter, no interest may be assessed for the period April 30th of the current year, through April 30th of the next year, on the amount that the current year's taxes deferred under this chapter exceed one hundred fifty percent of the previous year's taxes on the property.
This section does not apply to taxes attributable to increases in value due to new construction, improvements to property, or the subdivision of land.
--- END ---