This bill amends existing laws to establish local property tax levies that are fully credited against the state property tax, specifically aimed at providing support and services for veterans and individuals with developmental disabilities or mental health needs. The amendments to RCW 71.20.110 change the tax rate from "two and one-half cents" to "2.5 cents" per $1,000 of assessed value, and clarify that the levy must be deducted from the state tax amount collected by the Department of Revenue at no cost to the county. Additionally, the bill allows counties to transfer funds collected from this tax to the state for federal matching funds to enhance community services.

In RCW 73.08.080, the bill modifies the tax rate for creating a veterans' assistance fund from "one and one-eighth cents" to "1.8 cents" per $1,000 of assessed value, with a maximum of "27 cents" per $1,000. Similar to the previous section, it mandates that this levy also be deducted from the state tax amount collected. The bill emphasizes that expenditures from the veterans' assistance fund can only be used for specific programs and administrative costs. The act is declared an emergency measure and is set to take effect on July 1, 2025.

Statutes affected:
Original Bill: 71.20.110, 73.08.080