HOUSE BILL REPORT

HB 1308

BYRepresentatives Wang and Holland; by request of Department of Revenue

Changing requirements concerning real estate excise tax affidavit forms.

House Committe on Revenue

Majority Report:  Do pass.  (12)

      Signed by Representatives Wang, Chair; Pruitt, Vice Chair; Holland, Ranking Republican Member; Horn, Assistant Ranking Republican Member; Brumsickle, Fraser, Grant, Haugen, Morris, Rust, H. Sommers and Van Luven.

House Staff:Robin Appleford and Bob Longman (786-7136)

AS PASSED HOUSE MARCH 2, 1989

BACKGROUND:

The real estate excise tax is collected on sales of real property and is paid by the seller.  When real property is sold, the seller, buyer, or agent for either may sign the real estate excise tax affidavit, which verifies the amount of tax due.  Usually, the seller or seller's agent signs the form since the seller is liable for the tax.  However, if the seller does not pay the tax, a tax lien may be placed on the property and become a burden to the buyer.

SUMMARY:

Both the seller and buyer of real property, and not agents for either, are required to sign the real estate excise tax affidavit.

Fiscal Note:      Requested January 24, 1989.

House Committee ‑ Testified For:    None Presented.

House Committee - Testified Against:      None Presented.

House Committee - Testimony For:    None Presented.

House Committee - Testimony Against:      None Presented.