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Legislation watch
2013 Senate Bill 5776: Concerning interest rate and penalty provisions in the current use program
Introduced by Sen. Linda Evans Parlette (Wenatchee) (R) on February 14, 2013
Sets the interest rate for taxes and applicable interest on land which has been removed from open space classification. This act makes other small changes and applies to taxes levied for collection in beginning in 2014. Official Text and Analysis.
Referred to the Senate Ways & Means Committee on February 14, 2013
Substitute offered in the Senate on March 1, 2013
Changes the new interest rate charged on the removal of property from the current use program is from the coupon issue yield of the average bill rate for 26-week treasury bills, to the federal short-term rate plus two percent.
Referred to the Senate Rules Committee on March 1, 2013