SB 5576 - Authorizes New Excise Tax of 4% on Short-Term Rental Properties - Washington Key Vote
Timeline
- Senate Bill Passed
- March 11, 2025
- Introduced
- Jan. 29, 2025
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Title: Authorizes New Excise Tax of 4% on Short-Term Rental Properties
Vote Smart's Synopsis:
Vote to pass a bill that authorizes a new excise tax of 4% on short-term rental properties in Washington.
Highlights:
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Authorizes cities and counties to enact a new excise tax of 4% on short-term rental properties to fund affordable housing in Washington (Sec. 1-2).
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Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 3).
Title: Authorizes New Excise Tax of 4% on Short-Term Rental Properties