2314-S.E AMS ZARE WILS 025

ESHB 2314 - S AMD 666

By Senators Zarelli and Finkbeiner

NOT ADOPTED 4/22/05

   On page 66, after line 30, insert the following:

PART XIII

STATE PROPERTY TAX

   "NEW SECTION. Sec. 1301. A new section is added to chapter 84.55 RCW to read as follows:

   The state property tax levy for collection in 2006 shall be reduced by twenty-five cents per one thousand dollars of assessed value from the rate that otherwise would be allowed under this chapter."

   Renumber the parts and sections consecutively and correct any internal references accordingly.

ESHB 2314 - S AMD

   By    Senator ....

   On page 1, on line 13 of the title, after "RCW;" insert "adding a new section to chapter 84.55 RCW;"

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EFFECT: Reduces the state property tax levy by 10 percent ($0.25 per $1,000 of assessed valuation) which results in an estimated savings to the taxpayer of $258 million for the 2005-07 biennium.