Gov. Inslee Signs Land Banking Tax Exemption

Posted on Posted in Frontpage

 

Governor Jay Inslee signs Substitute Senate Bill No. 6211, April 1, 2016. Relating to the exemption of property taxes for nonprofit homeownership development.
Governor Jay Inslee signs Substitute Senate Bill No. 6211, April 1, 2016. Relating to the exemption of property taxes for nonprofit homeownership development.

Habitat backed legislation was signed into law on Friday April 1st, 2016.  The law provides a temporary tax exemption for up to seven years on land intended for low income homeownership.  Several Washington Habitat leaders, including Guinn Rogers, ExecutiveDirector of the Snohomish County affiliate, were in attendance at the signing ceremony.

Governor Signing Bill video

The Bill