House2025-26 sessionFiscal note

SHB 1791 — Increasing the flexibility of existing funding sources to fund public safety and other facilities by modifying the local real estate excise tax.

Signed into law — Chapter 159, Laws of 2025

Sponsor
Paul
Introduced
February 26, 2025
Status
C 159 L 25
Last action
Effective date 7/27/2025*. (April 24, 2025)

What this bill does

Aligns allowable uses of Real Estate Excise Tax (REET) 1 and 2 revenues. Removes the expiration date on the ability to use certain local government REET funds for facilities for those experiencing homelessness or for affordable housing and removes a $1 million limit on the annual use of such funds. Makes the ability for local governments to use up to 35percent of REET revenues for operations and maintenance permanent. Removes certain reporting requirements for use of REET 1 and 2 revenues. Creates a REET exemption for the certain sales of portions of affordable housing developments for specific community purposes.

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

Floor votes

  • House — 3rd Reading & Final Passage · March 6, 2025
    60 yea · 37 nay · 1 not voting
  • Senate — 3rd Reading & Final Passage · April 15, 2025
    29 yea · 19 nay · 1 not voting

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Other bills sponsored by Paul

All 2025-26 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 ↗