House2023-24 sessionFiscal note

HB 1527 — Making technical corrections to the local tax increment financing program.

Signed into law — Chapter 354, Laws of 2023

Sponsor
Wylie
Introduced
January 23, 2023
Status
C 354 L 23
Last action
Effective date 5/9/2023. (May 9, 2023)

What this bill does

Defines the term real property for local tax increment financing areas. Clarifies notice requirements. Provides adjustment of tax allocation base values by a county assessor if a local government has a designated increment area prior to the effective date of this act. Provides local taxing districts the authority to increase their property tax levy capacity for increases in assessed value in certain situations.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

  • House — 3rd Reading & Final Passage · March 6, 2023
    80 yea · 15 nay · 3 not voting
  • House — Final Passage as Amended by the Senate · April 14, 2023
    72 yea · 24 nay · 2 not voting
  • Senate — 3rd Reading & Final Passage as Amended by the Senate · April 10, 2023
    49 yea · 0 nay

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Other bills sponsored by Wylie

All 2023-24 Washington State bills →

Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗