Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears support for removing deed assignment exemption from housing and homelessness recording fees
Summary
House Bill 18 58 would remove an exemption that currently excludes assignments or substitutions of previously recorded deeds of trust from the $183 housing and homelessness document surcharge and the $100 covenant homeownership program assessment; analysts estimated annual revenue increases if the change is adopted.
The Appropriations Committee heard testimony and a staff briefing on House Bill 18 58, which would remove the current exemption for assignments or substitutions of previously recorded deeds of trust from the housing and homelessness document recording surcharge ($183) and the $100 covenant homeownership program assessment.
Staff explained the surcharge funds a mix of county and state programs: 31% of surcharge revenue remains in the county where the document is recorded and 69% is distributed to state accounts that support homeless housing and affordable housing programs…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
