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HB1761 - GOOD BILL
Bill Title: Increasing the personal property tax exemption
Committee: Finance
Companion Bill: none
Bill Summary:
- AN ACT Relating to increasing the personal property tax
exemption; amending RCW 84.36.110; and providing a contingent
effective date.
What the Bill says:
- It alters the personal property use tax exemption from $15,000 to $40,000 except for mobile homes and motor vehicles.
What the bill means:
- Personal property, such as household items, which are applicable to the use tax are exempt up to the first $40,000 annually.