BILL · 2015–16 SESSION
SB 6102: 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
- Beginning January 1, 2016, an annual state net CGT is imposed on the sale or other voluntary exchange of capital assets, with some exceptions, by resident individuals during the year. The tax rate is 7 percent.
From the Senate Bill Report (Orig.) (SB 6102), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedApr 16, 2015
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Kevin Ranker (D-40)
- Introduced
- April 16, 2015 in the Senate
- Last action
- March 10, 2016
- 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: Kevin Ranker (D-40)
18 co-sponsors (18 Democrats, 0 Republicans)
Jim Hargrove D-24Karen Keiser D-33Maralyn Chase D-32Jeanne Kohl-Welles D-36Rosemary McAuliffe D-1Bob Hasegawa D-11Senator D-46Sharon Nelson D-34Brian Hatfield D-19Annette Cleveland D-49Steve Conway D-29Andy Billig D-3Christine Rolfes D-23John McCoy D-38Pramila Jayapal D-37Karen Fraser D-22Jamie Pedersen D-43Jeannie Darneille D-27
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- By resolution, reintroduced and retained in present status.
- By resolution, reintroduced and retained in present status.
- By resolution, reintroduced and retained in present status.
- By resolution, reintroduced and retained in present status.
- First reading, referred to Ways & Means.
SB 6102 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 6102 (2025–26) Quality assurance fee
- SB 6102 (2023–24) In-state resident enrollment
- SB 6102 (2019–20) School bus stop signals
- SB 6102 (2017–18) Employee reproductive health
- SB 6102 (2013–14) Connecting Washington acct
- SB 6102 (2011–12) Solid fuel burning devices
- SB 6102 (2009–10) Digital advertising signs
- SB 6102 (2007–08) Public utility districts