On page 82, after line 12, insert the following:
"(17)(a) By December 1, 2020, the department of revenue, using the November 2020 revenue forecast shall calculate the increase from the February 2020 revenue forecast in forecasted revenues to be deposited in the general fund, education legacy trust account, Washington opportunity pathways account, and workforce education investment account.
(b) By December 31, 2020, the department of revenue must notify the treasurer of the amount calculated in (a) of this subsection. The treasurer shall transfer the amount from the state general fund to the state property tax reduction account hereby created in the state treasury. Amounts in the account may be expended only for the purpose of reducing the state property tax rate imposed by RCW 84.52.065(2)(a).