S-0359.1  _______________________________________________

                         SENATE BILL 5015

          _______________________________________________

State of Washington      55th Legislature     1997 Regular Session

By Senators Sheldon, Loveland, Fairley, Wojahn, Haugen, Goings, Hargrove, McAuliffe, Winsley, Snyder, Brown, Patterson, Franklin and Spanel

Read first time 01/13/97.  Referred to Committee on Ways & Means.

Reducing the state property tax levy for 1997 by five percent.

    AN ACT Relating to reducing the state property tax levy for 1997 by five percent; adding a new section to chapter 84.55 RCW; and declaring an emergency.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 84.55 RCW to read as follows:

    The state property tax levy for collection in 1997 shall be reduced by 5.0 percent of the levy amount that would otherwise be allowed under this chapter without regard to this section.

NEW SECTION. Sec. 2.  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 takes effect immediately.

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