The Washington legislature recently passed a bill expanding affordable housing tax exemptions. HB 1643 was signed into law by Governor Inslee on March 30, 2022 and will exempt from the real estate excise tax a sale or...more
Since the onset of COVID-19, the global landscape has been turned upside down, bringing to light various social issues that have long been plaguing various communities throughout the country. Social issues such as...more
In response to the COVID pandemic, Washington, like many other states, has imposed a moratorium on residential evictions and rent collections. The moratorium prohibits landlords and property managers from (i) serving,...more
In our previous legal alert here, we discussed the changes that SHB 2384 made to the property tax exemption for nonprofit family housing under RCW 84.36.560. On June 11, 2020, the Washington Department of Revenue (the...more
In light of the COVID-19 pandemic, the Internal Revenue Service (the “IRS”) recently issued Notice 2020-53 to provide temporary relief for qualified low-income housing projects and residential rental projects financed with...more
The Washington legislature recently passed two bills expanding affordable housing tax exemptions. Governor Inslee signed SHB 2384, revising the property tax exemption for low-income housing. He vetoed SHB 2634 that would have...more