SENATE BILL REPORT

HJR 4222

BYRepresentatives Holland, Appelwick, Taylor, Grimm, Silver, Braddock, Fuhrman, Bristow, Nealey, Valle, Padden, Brough, McLean, Basich, Schoon, H. Sommers, Winsley, May, B. Williams, Butterfield, Beck, Ballard, Lewis, J. Williams, Amondson, Sanders, Kremen, Betrozoff, Miller, Hine, Holm and Cooper

Increasing the head of family personal property tax exemption.

House Committe on Ways & Means/Revenue

Senate Committee on Ways & Means

Senate Hearing Date(s):February 25, 1988; February 26, 1988

Majority Report:  Do pass.

      Signed by Senators McDonald, Chairman; Craswell, Vice Chairman; Bauer, Bluechel, Cantu, Deccio, Fleming, Gaspard, Hayner, Johnson, Lee, Moore, Newhouse, Saling, Smith, Talmadge, Vognild, Warnke, Williams, Wojahn, Zimmerman.

Senate Staff:Bill Bafus (786-7715)

                  February 28, 1988

AS REPORTED BY COMMITTEE ON WAYS & MEANS, FEBRUARY 26, 1988

BACKGROUND:

Article VII, Section 1 of the state constitution provides a personal property tax exemption of $300 for each household.  The constitutional provision grants authority to the Legislature to exempt personal property to the amount of $300.

The $300 exemption was approved in 1900.

SUMMARY:

The proposed constitutional amendment grants authority to the Legislature to increase the personal property tax exemption from $300 to $3,000.

Appropriation:    none

Revenue:    yes

Fiscal Note:      available

Senate Committee - Testified: No one