All Roll Calls
Yes: 79 • No: 61
WashingtonHB 20892025-2026 Regular SessionHouseWALLET
Supporting wildfire mitigation by modifying RCW 82.04.29005, concerning taxes on loan interest.
Sponsored By: Shaun Scott (Democratic)
Became Law
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Mortgage tax funds wildfire response
Starting October 15, 2027, and every year after, the revenue department estimates the extra general fund money from this mortgage‑interest tax change for the prior fiscal year. Starting November 1, 2027, and every year after, the state treasurer transfers that amount into the wildfire response, forest restoration, and community resilience account. Once transferred, the estimate does not change. This creates a steady funding stream for wildfire preparedness and recovery.
Higher tax on big mortgage lenders
Beginning July 1, 2026, the state taxes interest that high‑volume mortgage lenders earn on first‑mortgage home loans (nontransient homes). A lender is high‑volume if it is a specified financial institution or it reported at least $10,000,000,000 in closed mortgages last year under the federal Home Mortgage Disclosure Act. Affiliates are covered too. Servicing fees count as interest and are taxed. This raises state business tax bills for those lenders.
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Sponsors & Cosponsors
Sponsor
Shaun Scott
Democratic • House
Cosponsors
Brianna Thomas
Democratic • House
Chipalo Street
Democratic • House
Cindy Ryu
Democratic • House
Edwin Obras
Democratic • House
Gerry Pollet
Democratic • House
Kristine Reeves
Democratic • House
Larry Springer
Democratic • House
Lisa Parshley
Democratic • House
Liz Berry
Democratic • House
Mary Fosse
Democratic • House
Natasha Hill
Democratic • House
Nicole Macri
Democratic • House
Osman Salahuddin
Democratic • House
Tarra Simmons
Democratic • House
Timm Ormsby
Democratic • House
Roll Call Votes
Senate vote • 3/11/2026
3rd Reading & Final Passage
Yes: 27 • No: 21
House vote • 2/13/2026
3rd Reading & Final Passage
Yes: 52 • No: 40 • Other: 6
Actions Timeline
Effective date 7/1/2026.
3/23/2026HouseChapter 131, 2026 Laws.
3/23/2026HouseGovernor signed.
3/23/2026legislatureDelivered to Governor.
3/12/2026legislatureSpeaker signed.
3/11/2026legislaturePresident signed.
3/11/2026legislaturePlaced on second reading by Rules Committee.
3/11/2026HouseThird reading, passed; yeas, 27; nays, 21; absent, 1; excused, 0.
3/11/2026HouseRules suspended. Placed on Third Reading.
3/11/2026HouseMinority; do not pass.
3/2/2026HouseWM - Majority; do pass.
3/2/2026HousePassed to Rules Committee for second reading.
3/2/2026HouseFirst reading, referred to Ways & Means.
2/17/2026HouseThird reading, passed; yeas, 52; nays, 40; absent, 0; excused, 6.
2/13/2026HouseRules suspended. Placed on Third Reading.
2/13/2026House1st substitute bill substituted.
2/13/2026HouseRules Committee relieved of further consideration. Placed on second reading.
2/12/2026HouseReferred to Rules 2 Review.
2/9/2026HouseFIN - Majority; 1st substitute bill be substituted, do pass.
2/9/2026HouseMinority; do not pass.
2/9/2026HouseFIN - Executive action taken by committee.
2/9/2026HouseFirst reading, referred to Finance.
1/12/2026HousePrefiled for introduction.
12/2/2025House
Bill Text
Session Law
3/25/2026
Bill as Passed Legislature
3/11/2026
Substitute Bill
2/10/2026
Original Bill
1/12/2026
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