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, 202380 yea · 15 nay · 3 not voting
- House — Final Passage as Amended by the Senate · April 14, 202372 yea · 24 nay · 2 not voting
- Senate — 3rd Reading & Final Passage as Amended by the Senate · April 10, 202349 yea · 0 nay
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Create a free accountOther bills sponsored by Wylie
- SHB 1159 — Allowing interstate cannabis agreements.
- SHB 1355 — Updating property tax exemptions for service-connected disabled veterans and senior citizens.
- SHB 1453 — Providing a tax exemption for medical cannabis patients.
- HB 1742 — Concerning nontax statutes administered by the department of revenue.
- SHB 1764 — Establishing a method of valuing asphalt and aggregate used in public road construction for purposes of taxation.
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 ↗