The bill amends RCW 84.34.108 to exempt land classified under current use from additional taxes when sold or transferred to a governmental entity under specific conditions. It introduces new provisions that allow for such exemptions if the transfer is necessary for the landowner to meet conditions set by the governmental entity for development, provided that the total acreage removed from classification does not exceed 20 percent of the total classified land. Additionally, the bill clarifies that the exemption applies to transfers that are part of a timber management plan or similar arrangements with the governmental entity.

The bill also outlines various circumstances under which land classification may be removed, including sales or transfers, and specifies the process for notifying landowners of such removals. It retains existing provisions regarding the imposition of additional taxes, interest, and penalties for land that is removed from classification, while also detailing exceptions to these penalties in cases of governmental transfers or other specified situations. Overall, the legislation aims to facilitate land development while providing tax relief under certain conditions.

Statutes affected:
Original bill: 84.34.108