WA People
BILL · 2015–16 SESSION

HB 1484: Capital gains excise tax

Enacting an excise tax on capital gains to improve the fairness of Washington's tax system and provide funding for the education legacy trust account.

Summary

  • Imposes a 7 percent tax on capital gains to fund the Education Legacy Trust Account.

From the House Bill Analysis 2015 (HB 1484), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 21, 2015
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Laurie Jinkins (D-27)
Introduced
January 21, 2015 in the House
Last action
March 10, 2016
Requested by
State agency
Companion bill
SB 5699
Budget
Has a fiscal note

AN ACT Relating to enacting an excise tax on capital gains to improve the fairness of Washington's tax system and provide funding for the education legacy trust account;

Sponsors

Prime sponsor: Laurie Jinkins (D-27)

18 co-sponsors (18 Democrats, 0 Republicans)

Senator D-22Steve Tharinger D-24June Robinson D-38Joe Fitzgibbon D-34Sharon Wylie D-49Gerry Pollet D-46Chris Reykdal D-22Jessyn Farrell D-46Cindy Ryu D-32Kevin Van De Wege D-24Ruth Kagi D-32Timm Ormsby D-3Judy Clibborn D-41Sherry Appleton D-23Steve Bergquist D-11Brady Walkinshaw D-43Joan McBride D-48Gael Tarleton D-36

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 1484 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page