WA People
BILL · 2017–18 SESSION

HB 1730: 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

  • Provides funding for the education legacy trust account. Imposes a tax on individuals for the privilege of: (1) Selling or exchanging long-term capital assets; or (2) Receiving Washington capital gains.

From the Bill Digest (HB 1730), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 27, 2017
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Laurie Jinkins (D-27)
Introduced
January 27, 2017 in the House
Last action
January 8, 2018
Requested by
State agency
Companion bill
ESB 5111
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)

6 co-sponsors (6 Democrats, 0 Republicans)

Sherry Appleton D-23Jake Fey D-27Noel Frame D-36Steve Tharinger D-24Gael Tarleton D-36Gerry Pollet D-46

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. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 1730 in other sessions

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

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