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Call For Action - Washington State Association of Commercial Realtors
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Call For Action

Proposed CRE Taxes in Washington by Governor Inslee

As we begin preparing for Legislative Day in Olympia on January 24, 2019, it will be important that you are well versed on the taxes being proposed during the upcoming state legislative session by Governor Inslee. They will have a MAJOR impact on commercial real estate, if implemented.  HERE is a summary provided by Washington REALTORS. WSCAR’s lobbying efforts will be critical in 2019.

We strongly suggest you review this summary and share with all of the brokers in your offices, and encourage you to share with your clients, because they will be impacted.

Lastly, we encourage you and all of your peers to contact your legislators to voice your opinion on the proposed taxes. If you are unsure who the legislators are in your district, they can be looked up here:

Washington State District Finder

Let us know if you have any additional questions or comments.

Update – Washington’s lawyers and realtors ready to fight Inslee’s tax proposals

Governor Inslee’s tax proposals on commercial real estate property sales include a new capital gains tax of 9% and increasing the state portion of the real estate excise tax by 66% and nearly doubling the state portion of the real estate excise tax

King 5 Video

Archive 2018

The National Association of REALTORS® (NAR) launched a national Call For Action (CFA) on June 18, 2018, focused on the U.S. House of Representatives, and we need your help to drive messages to members of Congress urging them to support H.R. 2874, “The 21st Century Flood Reform Act.”

H.R. 2874 reauthorizes the National Flood Insurance Program (NFIP) and makes critical improvements to the NFIP including increased funds for mitigation activities, caps on overall premium increases, improved claim, and mapping processes. It also removes hurdles for more private participation in the flood-insurance market. Reauthorization of the NFIP will help more than 5 million homeowners in 22,000 communities nationwide, so it is critical Congress acts now.

Tell Congress to renew the National Flood Insurance Program before July 31!