H-0746.1                  _______________________________________________

                                                      HOUSE BILL 1348

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State of Washington                              53rd Legislature                             1993 Regular Session

By Representatives Romero, Wolfe and Brumsickle

Read first time 01/25/93.  Referred to Committee on Revenue.

Eliminating the property tax exemption for state buildings under financing contracts pursuant to chapter 39.94 RCW.

          AN ACT Relating to eliminating the property tax exemption for public buildings under financing contracts; amending RCW 84.36.010; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

        Sec. 1.  RCW 84.36.010 and 1990 c 47 s 2 are each amended to read as follows:

          All property belonging exclusively to the United States, the state, any county or municipal corporation, and all property under a ((financing contract pursuant to chapter 39.94 RCW or)) recorded agreement granting immediate possession and use to said public bodies or under an order of immediate possession and use pursuant to RCW 8.04.090, shall be exempt from taxation.  All property belonging exclusively to a foreign national government shall be exempt from taxation if such property is used exclusively as an office or residence for a consul or other official representative of such foreign national government, and if the consul or other official representative is a citizen of such foreign nation.

NEW SECTION. Sec. 2.  This act is effective for taxes levied for collection in 1994 and thereafter.

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