WA HB1641

Expands the definition of "timberland" for real estate excise tax purposes to include land transferred or sold to governmental entities that manage the land as designated forestland or classified timberland

Allows governmental entities purchasing timberland to qualify for the reduced 1.28% real estate excise tax rate instead of the graduated rates that reach up to 3% for sales over $3 million

Requires governmental entities to comply with management requirements under RCW 84.33.140(13)(j) or 84.34.108(6)(m) to maintain the timberland classification

Amends RCW 82.45.060 and was requested by the Department of Natural Resources