6346-S.E AMH REEV TAYT 576

ESSB 6346 - H AMD TO H AMD (H-3793.3/26) 2599

SCOPED 03/09/2026

On page 69, after line 21 of the striking amendment, insert the following:

"NEW SECTION. Sec. 913. A new section is added to chapter 84.36 RCW to read as follows:

(1) A state property tax credit is provided to eligible individuals beginning with tax year 2029. The credit is refundable and is calculated as provided in this section.

(2) For the purposes of this section, the following definitions apply:

(a) “Consumer price index” means the average consumer price index for the Seattle, Washington urban area for urban wage earners and clerical workers, all items, compiled by the bureau of labor statistics, United States department of labor.

(b) “Eligible individual” means an individual who:

(i) Properly files a return under this chapter for the taxable year;

(ii) Is a Washington State resident during the taxable year;

(iii) Owns property that serves as that person's primary residence;

(iv) Is married to a resident who owns property, and the married couple cohabit that property as their primary residence; and

(v) Files a return that does not show personal or household income exceeding $1,000,000.

(c) “Internal revenue code” means the United States internal revenue code of 1986, as amended, as of January 1, 2028, or such subsequent date as the department may provide by rule consistent with the purpose of this section.

(d) “Washington resident” has the same meaning as provided in section 901 of this act.

(3)(a) Except as otherwise provided in this subsection, the credit amount for the prior taxable year is $250 for each eligible individual.

(b) The credit is not available for those households whose income exceeds $1,000,000. The credit is only available for one common residence per household.

(4)(a) Beginning January 1, 2030, and annually thereafter, the credit amount must be adjusted for inflation.

(b) Inflation adjustments must be based upon changes in the consumer price index that are published by November 15 of the previous year for the most recent 12 month period."

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

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