H-0845.1

HOUSE BILL 1519

ByRepresentative Paul

AN ACT Relating to levy shifts resulting from court rulings; adding a new section to chapter 84.36 RCW; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION.  Sec. 1. A new section is added to chapter 84.36 RCW to read as follows:

When, as a result of a court ruling, a taxing district loses taxable value within its district, the levies that would have been imposed by the taxing district on that portion of property shall be deducted from future levies as follows:

(1) In the year in which the district loses taxable value as a result of a court ruling, 25 percent of the value shall shift to the total levy;

(2) In the year after the district loses taxable value as a result of a court ruling, 50 percent of the value shall shift to the total levy;

(3) In the second year after the district loses taxable value as a result of a court ruling, 75 percent of the value shall shift to the total levy; and

(4) In the third year after the district loses taxable value as a result of a court ruling, 100 percent of the value shall shift to the total levy.

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