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Published on Friday, February 5, 2016

Possible fix for REET flexibility bill from last year

AWC has been working with realtors, counties and affordable housing advocates to try and reach agreement on addressing unintended consequences of the Real Estate Excise Tax (REET) flexibility bill that was passed last year, EHB 2122. Rep. Joan McBride (D–Kirkland) has introduced HB 2971 as a work in progress and good faith effort between all parties to try and find common ground. The bill received a hearing in the House Finance Committee last Friday. We hope to quickly move the bill before the imminent cutoff, in order to buy more time for resolution on this issue.