Requires taxing districts to submit an authorizing proposition to the voters in order to increase the regular property tax levy by an amount authorized under RCW 84.55.092. The submitted proposition must be: (1) Approved by a majority of the voters of the taxing district voting on the proposition; and

(2) Voted on at an election held not more than twelve months prior to the date in which the proposed regular property tax is to be levied.