HB 2033 - GOOD BILL

Bill Title: Creating a rent relief incentive program

Bill Summary:

  • AN ACT Relating to creating a rent relief incentive program; adding a new section to chapter 43.31 RCW; creating a new section;  and providing an expiration date.

What the Bill says:

  • Landlords, both small and large will get a property tax incentive of 2% to 7% for maintaining current rates or reducing rents as a buffer for their losses during this inflationary time. 

Our Summary Opinion:

  • This bill will save renters money. It will reduce the amount the state takes in dependent upon its level of landlords taking advantage of the grant. This is an excellent bill.
Committee:Housing
Companion Bill:

Vote Position

Bill Status:

 

  • Please write the committee in the House and encourage them to hold a hearing on this bill.

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