Senate Bill 5770, sponsored by Sen. Jamie Pedersen, was shot down after receiving serious backlash from Republicans before it went up for a floor vote.
The bill would have given local governments the authority to raise property taxes, increasing the annual cap from one-percent to three-percent.Sources tell Fox 13 Seattle the bill was pulled last minute because some of the bill's sponsors pulled their support.The legislation will no longer move forward.
Source: Real Estate Daily Report (realestatedailyreport.net)
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