Did you know that there are currently two bills being proposed in Olympia, Washington that, if passed, could allow the local real estate excise tax of .25% to be used by the local government? House Bill 3179 and Senate Bill 6424 were create to take the tax that was originally created to provide infrastructure that is necessary for the Growth Management Act and instead give it to the local governments are now looking to use this funding for operating expenses and/or public buildings that could be funded with bond authority or other mechanisms.
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