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WA HB1983

Bill

Official Source

Status

Enrolled

3/10/2026

Primary Sponsor

Steve Tharinger

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • 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 entity purchases of timberland to qualify for the reduced 1.28% real estate excise tax rate, rather than the graduated rates that can reach 3% for sales over $3 million
  • Requires governmental entities to comply with forestland management requirements under RCW 84.33.140(13)(j) or 84.34.108(6)(m) to receive the lower tax rate
  • Amends RCW 82.45.060 to restructure the timberland definition into three qualifying categories: land classified under chapter 84.34 RCW, land designated under chapter 84.33 RCW, or land sold to governmental entities meeting management requirements

Legislative Description

Amending the definition of timberland for purposes of determining the real estate excise tax for a governmental entity.

Last Action

Delivered to Governor.

3/10/2026

Committee Referrals

Rules3/2/2026
Ways & Means2/16/2026
Rules2/9/2026
Finance1/12/2026
Rules2/20/2025
Finance2/17/2025

Full Bill Text

No bill text available