From a Washington State Democrats news release.
A bill to provide car tab relief to motorists throughout Snohomish, Pierce and King Counties passed the Washington State Senate 30-14 on Thursday morning, March 1, 2018.
Senate Bill 5955 would adopt a car tab calculation scale, which more accurately reflects true car valuations and provide credit refunds to taxpayers who purchased tabs before September 1, 2018. Car tab prices increased as part of the 2016 Sound Transit 3 vote.
Senator Steve Hobbs, D-Lake Stevens, said the compromise meets his requirement to both provide refunds to people who paid an exorbitant amount for car tabs while keeping on track and whole the voter-approved transit projects that will be built throughout the northern part of Puget Sound.
“The long-term health and timely delivery of these projects is paramount,” said Hobbs, chair of the Senate Transportation Committee. “I think we’ve reached an even compromise on projects as well as car tab relief for folks in these counties who have been saddled with unfair costs.”
Funding for ST3 projects will be ensured by exempting Sound Transit from the sales and use tax offset fee for up to $518 million. If Sound Transit is able to complete the projects in the timeframe approved by voters, the fee exemption will be lifted and the money returned to the Puget Sound Taxpayer Accountability Account.
The bill will now head to the House for further consideration.