Creating uniformity for the process by which cities planning under the growth management act implement real estate excise taxes.

Summary

The bill permits counties and cities that adopt a growth‑management plan to impose an additional excise tax of up to 0.25 % on each real‑property sale, with voter approval required in certain situations. Revenue from the tax must be used for defined capital projects such as streets, parks, specific airports, and homeless or affordable‑housing facilities. It also adds reporting, spending‑limit, and compliance rules that can temporarily suspend the tax.

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