2448-S AMH SENN H4273.2
SHB 2448 - H AMD 702
By Representative Senn
WITHDRAWN 02/01/2018
On page 6, line 7, after "representative" insert "or immediate family member"
On page 6, beginning on line 10, after "property" strike all material through "property and" on line 11
On page 6, line 14, after "property" insert ", owned by the legal representative or immediate family member of a person with developmental disabilities,"
Beginning on page 6, line 38, after "(3)(s)" strike all material through "(A)" on page 7, line 1, and insert ":
(A) The definitions in RCW 71A.10.020 apply;
(B) "Immediate family member" means any first degree relative, including adopted, half, and step family members; and
(C) "Qualified entity" means:
(I)"
Renumber and reletter the remaining subsections consecutively and correct any internal references accordingly.
EFFECT: Exempts a transfer of residential property by an immediate family member of a person with developmental disabilities to a qualified entity from the real estate excise tax. Removes the reference to a person with developmental disabilities retaining a life estate in the transferred residential property. Clarifies that the person with developmental disabilities does not own the residential property being conveyed to a qualified entity.
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