SB 5713 Providing a property tax exemption for limited equity cooperative housing
Intended audience: County assessors, county treasurers, taxing districts, local governments, and limited equity cooperative housing organizations.
Senate Bill 5713 provides a new exemption for real property owned by a limited equity cooperative (LEC) that provides owned housing for low-income households and changes the definition of “nonprofit” in RCW 84.36.800 to include a limited equity cooperative.