Legislative Update – Way to go Washington REALTORS!
Because of Washington Realtors relentless efforts, we have helped advance several important bills and stopped several bills that would have further jeopardized the economy.
Distressed Properties:
SB 5221, the fix to the distressed properties law, passed the Senate unanimously (as did the House version), was heard in committee on Wednesday and executive action was taken the very same day. This bill is already in House Rules awaiting action by the full House.
Housing Stimulus:
SB 5452 (increasing the debt limit of the WA State Housing Finance Commission) passed the Senate by a vote of 37-10, was heard in committee. The bill is in the House Rules Committee awaiting action by the full House.
Real Estate Excise Tax Use / Climate Change:
Amazingly, against all odds, it appears that we were successful in stopping GMA/Climate Change and REET/maintenance legislation from moving forward prior to the legislative cut-off on Thursday when measures had to be passed out of the originating house to be considered further by the legislature.
—- Congratulations for now…..We are not finished yet – There are six more weeks to pass measures to stimulate the economy and address measures that cause concern. Keep up the great work!!!
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