Vol. 2026 · Bill Detail · Special Edition
CivicRadar.Wednesday, September 2, 2026
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Supporting wildfire mitigation by modifying RCW 82.04.29005, concerning taxes on loan interest.
This bill, called the "wildfire alleviation support act," aims to restore funding to Washington state's wildfire response account. It does this by changing how certain financial institutions are taxed on interest from mortgage loans, specifically targeting "high volume mortgage lenders" instead of the previous "community bank" definition. The increased tax revenue will then be transferred from the general fund to the wildfire response, forest restoration, and community resilience account starting in November 2027.
No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text
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