FINAL BILL REPORT

SHB 1373

                                  C 131 L 88

BYHouse Committee on Ways & Means/Revenue (originally sponsored by Representatives Unsoeld and Belcher)

Eliminating the current year tax cancellation for property becoming exempt from property tax.

House Committe on Ways & Means/Revenue

Senate Committee on Ways & Means

SYNOPSIS AS ENACTED

BACKGROUND:

Taxes payable on property qualifying for property tax exemption may be cancelled on a pro-rata basis for the remaining portion of the year from the date of exemption or conversion to exemption.

If taxes have already been paid for the period following the qualification for exemption the property tax payer is entitled to a refund.

SUMMARY:

The authority to cancel the pro-rata portion of taxes payable and to refund any taxes that may have been paid is eliminated for the year in which the property tax exemption is granted.

VOTES ON FINAL PASSAGE:

      House 91   4

      Senate    45     1

EFFECTIVE:June 9, 1988