5812‑S.E AMS WILL S3563.1

ESSB 5812 - S AMD

By Senator Williams

    Strike everything after the enacting clause and insert the following:

    "NEW SECTION. Sec. 1.  A new section is added to chapter 84.56 RCW to read as follows:

    RCW 84.56.020 notwithstanding, if current year's taxes payable on real property exceed one hundred fifty percent of the prior year's taxes payable on the property:

    (1) No interest or penalties may be assessed for the period from the current April 30, through the next April 30, on the amount that the current year's taxes exceed one hundred fifty percent of the prior 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 current year's taxes do not exceed one hundred fifty percent of prior 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."

    "NEW SECTION. Sec. 2.  A new section is added to chapter 84.38 RCW to read as follows:

    RCW 84.38.100 notwithstanding, no interest may be assessed for the period from the current April 30, through the next April 30, on the amount that current year's taxes deferred under this chapter exceed one hundred fifty percent of the prior 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."

    "NEW SECTION. Sec. 3.    This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately."

ESSB 5812 - S AMD

By Senator Williams

    On page 1, line 1 of the title, after "taxes;" strike the remainder of the title and insert "adding a new section to chapter 84.56 RCW; adding a new section to chapter 84.38 RCW; and declaring an emergency."