The bill amends RCW 84.55.050 to standardize the limitations on voter-approved property tax levies in Washington State. It allows taxing districts to exceed statutory dollar rate limitations for regular property taxes if a majority of voters approve a proposition during a general or special election. The bill specifies that elections for such propositions must occur no more than a certain number of months before the proposed levy date, and the ballot must clearly state the proposed dollar rate and any applicable conditions.

Additionally, the bill permits propositions to authorize annual increases in levies for up to six consecutive years, with the first year's rate stated on the ballot and a limit factor or index for subsequent years. It removes previous language regarding the supplanting of existing funds and clarifies that the dollar amount of a levy cannot be used for computing limitations on future levies unless explicitly stated in the ballot proposition. The bill also outlines conditions under which increased levies may be made, including limitations on the duration and purpose of the levies.

Statutes affected:
Original Bill: 84.55.050
Bill as Passed Legislature: 84.55.050
Session Law: 84.55.050