The bill aims to eliminate the document recording tax in Washington State and reclassify it as a fee, thereby reducing the financial burden on the public. It mandates that county auditor offices charge no more than their actual costs for document recording, which is approximately $21 per document, or a maximum of $30. The bill also reenacts and amends RCW 36.18.010 to reflect this change, specifically adjusting the fee structure for recording instruments to a flat rate of $30 per document, while removing previous detailed fee structures and surcharges related to document recording.

Additionally, the bill repeals several existing statutes related to various surcharges and assessments associated with document recording, including those for historical document preservation and mortgage lending fraud. It establishes that any remaining funds in the centennial document preservation and modernization account will be transferred to the state general fund. The act is set to take effect on June 30, 2026.