SB 5920 - DIGEST

Provides that, in addition to the levy provided for in RCW 84.52.065, in each year the state shall levy for collection in the following year a state tax of twenty-five cents per thousand dollars of assessed value upon the assessed valuation of all taxable property within the state adjusted to the state equalized value in accordance with the indicated ratio fixed by the state department of revenue.

Directs the secretary of state to submit this act to the people for their adoption and ratification, or rejection, at the next general election to be held in this state, in accordance with Article II, section 1 of the state Constitution and the laws adopted to facilitate its operation.

Provides that, if this act is not approved by a majority of the voters voting at the next general election it is null and void in its entirety.