WA People
BILL · 2017–18 SESSION · LATEST VERSION SHB 2967

HB 2967: Capital gains tax/prop. tax

Assisting Washington families by improving the fairness of the state's tax system by enacting a capital gains tax and providing property tax relief.

Summary

  • Imposes a tax of 7 percent on long-term capital gains.
  • Provides a mechanism to reduce the state property tax levy and fund the senior citizen, disabled persons, and qualifying veterans property tax exemption with revenues from the tax on long-term capital gains.
  • Changes the income thresholds for the senior citizen, disabled persons, and qualifying veterans property tax exemption.

From the House Bill Report (HB 2967), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedJan 30, 2018
  2. Out of committeeFeb 22, 2018
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Kristine Lytton (D-40)
Introduced
January 30, 2018 in the House
Last action
February 22, 2018
Budget
Has a fiscal note
Versions
HB 2967, SHB 2967

AN ACT Relating to assisting Washington families by improving the fairness of the state's tax system by enacting a capital gains tax and providing property tax relief;

Sponsors

Prime sponsor: Kristine Lytton (D-40)

8 co-sponsors (8 Democrats, 0 Republicans)

Laurie Dolan D-22Sharon Wylie D-49Noel Frame D-36Javier Valdez D-46Gerry Pollet D-46Beth Doglio D-22Sharon Tomiko Santos D-37Nicole Macri D-43

Votes

No recorded floor votes.

History

  1. Referred to Rules 2 Review. (SHB 2967)
  2. Referred to Rules 2 Review.
  3. FIN - Majority; 1st substitute bill be substituted, do pass. (SHB 2967)
  4. Minority; do not pass. (SHB 2967)
  5. Minority; without recommendation. (SHB 2967)
  6. Minority; without recommendation.
  7. Minority; do not pass.
  8. FIN - Majority; 1st substitute bill be substituted, do pass.
  9. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 2967 in other sessions

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

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