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Committee adopts substitute for vehicle/boat transfer‑on‑death bill; effective date set for 2026
Summary
The Senate Finance Committee adopted and reported a committee substitute for SB 104, which updates transferability of common‑interest community ownership and sets the effective date to July 1, 2026; Senator Kawasaki expressed appreciation for the committee's work.
Staff to the committee described the committee substitute for Senate Bill 104 to members on March 3, explaining it incorporates a prior committee amendment to allow transferability of common‑interest community ownership and updates the effective date to July 1, 2026.
Liz Harpold, staff to Senator Olsen and the Senate Finance Committee, told members the CS includes the earlier committee amendment that clarifies transferability for common‑interest communities and adjusts the effective date. Senator Scott Kawasaki came to the table to thank the committee for the expedited handling and expressed no objection to the substitute.
After objections were removed, the committee adopted the substitute; Senator Stedman moved the substitute from committee with attached fiscal notes and individual recommendations and the bill was forwarded to the Rules Committee for further consideration.
The committee record did not include expanded fiscal detail in the hearing transcript; the committee report will carry fiscal notes and the effective date the staff described.
