SB 6640 - DIGEST

     Provides that a school district may impose an annual regular property tax not exceeding the difference between three dollars and sixty cents per thousand dollars of assessed valuation and the dollar rate of tax levied by the state under RCW 84.52.065 for that year.  If a school district imposes a regular property tax under this section which, in combination with the regular property taxes imposed by other taxing districts, will result in property taxes in excess of the limitation on regular property taxes contained in RCW 84.52.050, the regular property tax levy of the school district under this section shall be reduced or eliminated before the regular property tax levies of the other taxing districts are reduced.

     Provides that the secretary of state shall submit this act to the people for their adoption and ratification, or rejection, at the next general election to be held in this state, in accordance with Article II, section 1 of the state Constitution and the laws adopted to facilitate its operation.