1670 AMH ORCU HARA 337
HB 1670 - H AMD 240
By Representative Orcutt
NOT CONSIDERED 01/02/2024
On page 1, line 19, after "means" insert "either"
On page 1, beginning on line 20, after "(a)" strike all material through "state," on page 2, line 1 and insert "((For taxing districts with a population of less than ten thousand in the calendar year prior to the assessment year, one hundred one percent))"
On page 2, line 2, after "percent" insert ". The state levies are not subject to this limit factor. If a taxing jurisdiction chooses to levy under this limit factor, the jurisdiction loses any levy capacity they have protected under RCW 84.55.092"
On page 2, line 2, after "percent;" strike "and" and insert "or"
On page 2, beginning on line 3, after "(b)" strike all material through "state, the" on line 6 and insert "((For taxing districts for which a limit factor is authorized under RCW 84.55.0101, the lesser of the limit factor authorized under that section or one hundred one percent;
(c) For all other districts)) The"
On page 2, line 7, after "((; and))." insert "The state levies are subject to this limit factor."
| EFFECT: Allows jurisdictions other than the state to choose between a local property tax levy limit factor of either: The lesser of 101% or 100% plus inflation, or 100% plus population change and inflation, not to exceed 103%. If a jurisdiction chooses the higher levy limit factor, the jurisdiction will lose their banked levy capacity.
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