WA People
BILL · 2019–20 SESSION · LATEST VERSION SHB 2156

HB 2156: Taxes on asset sales, profit

Investing in quality prekindergarten, K-12, and postsecondary opportunities throughout Washington with excise taxes on sales and extraordinary profits of high valued assets.

Summary

  • Imposes a 9.9 percent tax on Washington capital gains realized from the sale of long-term assets.
  • Modifies the state real estate excise tax rate structure.
  • Adds expenditures for early learning programs to authorized uses of Education Legacy Trust account moneys.

From the House Bill Report (HB 2156), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedMar 26, 2019
  2. Out of committeeApr 22, 2019
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Laurie Jinkins (D-27)
Introduced
March 26, 2019 in the House
Last action
January 21, 2020
Budget
Has a fiscal note
Versions
HB 2156, SHB 2156

AN ACT Relating to investing in quality prekindergarten, K-12, and postsecondary opportunities throughout Washington with excise taxes on sales and extraordinary profits of high valued assets;

Sponsors

Prime sponsor: Laurie Jinkins (D-27)

13 co-sponsors (13 Democrats, 0 Republicans)

Gael Tarleton D-36Pat Sullivan D-47Timm Ormsby D-3Steve Bergquist D-11June Robinson D-38Tana Senn D-41Sherry Appleton D-23Laurie Dolan D-22Noel Frame D-36Nicole Macri D-43Gerry Pollet D-46My-Linh Thai D-41Steve Tharinger D-24

Votes

No recorded floor votes.

History

  1. House Rules "X" file. (SHB 2156)
  2. House Rules "X" file.
  3. By resolution, reintroduced and retained in present status. (SHB 2156)
  4. By resolution, reintroduced and retained in present status.
  5. Referred to Rules 2 Review. (SHB 2156)
  6. Referred to Rules 2 Review.
  7. FIN - Majority; 1st substitute bill be substituted, do pass. (SHB 2156)
  8. Minority; do not pass. (SHB 2156)
  9. Minority; do not pass.
  10. FIN - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Finance.

HB 2156 in other sessions

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

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