1562‑S.E AAS 4/17/93

ESHB 1562 - S AMD ‑ 000923

    BySenator West

                                                   ADOPTED 4/17/93

    On page 2, after line 7, strike all the material through and including "located." on page 3, line 2, and insert the following:

    "(1) A county, city, or town may impose additional regular property tax levies of up to fifty cents per thousand dollars of assessed value of property in each year for up to ten consecutive years to finance affordable housing for very low-income households when specifically authorized to do so by a majority of at least three-fifths of the registered voters thereof approving a proposition authorizing the levies submitted at a general or special election, at which election the number of persons voting "yes" on the proposition shall constitute three-fifths of a number equal to forty per centum of the total votes cast in such taxing district at the last preceding general election when the number of registered voters voting on the proposition does not exceed forty per centum of the total votes cast in such taxing district in the last preceding general election; or by a majority of at least three-fifths of the registered voters thereof voting on the proposition when the number of registered voters voting on the proposition exceeds forty per centum of the total votes cast in such taxing district in the last preceding general election.  Ballot propositions shall conform with RCW 84.52.054.

    (2) The additional property tax levies may not be imposed until:

    (a) The governing body of the county, city, or town declares the existence of an emergency with respect to the availability of housing that is affordable to very low-income households in the taxing district; and

    (b) The governing body of the county, city, or town adopts an affordable housing financing plan to serve as the plan for expenditure of funds raised by a levy authorized under this section, and the governing body determines that the affordable housing financing plan is consistent with either the locally adopted or state-adopted comprehensive housing affordability strategy, required under the Cranston-Gonzalez national affordable housing act (42 U.S.C. Sec. 12701, et seq.), as amended.

    (3) For purposes of this section, the term "very low-income household" means a single person, or family whose income is at or below fifty percent of the median income, as determined by the United States department of housing and urban development, with adjustments for household size, for the county where the taxing district is located."

ESHB 1562 - S AMD ‑ 000923

    BySenator West

                                                   ADOPTED 4/17/93

    On page 2, line 18, after "county." insert "If any levy imposed under this section, when added to any levies imposed under RCW 84.52.069 and 84.34.230 together exceed fifty cents per thousand dollars of assessed valuation, the levy imposed under this section shall be reduced or eliminated so that the combined levies shall not exceed fifty cents per thousand dollars of assessed valuation on any property."

ESHB 1562 - S AMD ‑ 000923

    BySenator West

                                                   ADOPTED 4/17/93

    On page 4, strike all of section 4.

    Renumber the remaining section(s) accordingly

ESHB 1562 - S AMD ‑ 000923

    BySenator West

                                                   ADOPTED 4/17/93

    On page 1, line 4 of the title, strike "84.52.010,"

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