SB 6671 - DIGEST

Declares an intent to provide funding for the development and implementation of an automated system for the electronic processing of the real estate excise tax.

Finds that due to the numerous users of the real estate excise tax information, and the many entities involved in its workflow, that county systems must be compatible with the automated system developed by the state department of revenue.

Finds that under current law an electronic real estate excise tax affidavit that is signed with a digital signature under chapter 19.34 RCW is a legally valid document and pursuant to RCW 5.46.010 electronic facsimiles, scanned signatures, and digital and other electronic conversions of written signatures satisfy the signature component of the affidavit requirement under this act.

Provides that, until June 20, 2012, the county treasurer shall collect an additional fee on all transactions required by chapter 82.45 RCW. From July 1, 2004, until July 1, 2007, the fee shall be five dollars on all transactions required by this chapter. From July 1, 2007, through June 30, 2012, the fee shall be two dollars. The county treasurer shall remit this fee to the state treasurer at the same time the county treasurer remits funds to the state under RCW 84.56.280. The state treasurer shall place funds from this fee in the real estate excise tax technology fund.