S-1236.2  _______________________________________________

                   SENATE JOINT RESOLUTION 8212

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State of Washington      54th Legislature     1995 Regular Session

By Senators Fraser, Winsley, Sheldon, Drew, Fairley, McAuliffe, Quigley, Kohl, Haugen, Franklin, Sutherland, Prentice, Bauer, Spanel, Snyder, Morton and Rasmussen

Read first time 02/03/95.  Referred to Committee on Ways & Means.

Amending the Constitution to allow the legislature to defer certain property taxes.

    BE IT RESOLVED, BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE STATE OF WASHINGTON, IN LEGISLATIVE SESSION ASSEMBLED:

    THAT, At the next general election to be held in this state there shall be submitted to the qualified voters of the state for their approval and ratification, or rejection, an amendment to Article VII  of the Constitution of the state of Washington by adding a new section to read as follows:

    Article VII, section . . .  Notwithstanding any other provision of this Constitution, the legislature may authorize, by appropriate legislation, the deferral of that portion of the real property taxes levied on owner-occupied residential property that exceeds the inflationary increase, as determined by the legislature.  All deferred taxes shall accrue interest and shall be payable upon sale of the property.

    The legislature may place any additional restrictions and conditions upon the granting of such relief as it shall deem proper.

    BE IT FURTHER RESOLVED, That the secretary of state shall cause notice of the foregoing constitutional amendment to be published at least four times during the four weeks next preceding the election in every legal newspaper in the state.

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