WA People
BILL · 2019–20 SESSION

SB 5314: 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, beginning January 1, 2020, on all individuals for the privilege of selling or exchanging long-term capital assets or receiving Washington capital gains.

From the Bill Digest (SB 5314), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 17, 2019
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Lisa Wellman (D-41)
Introduced
January 17, 2019 in the Senate
Last action
January 13, 2020
Requested by
Other
Companion bill
HB 1172
Budget
Has a fiscal note

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: Lisa Wellman (D-41)

2 co-sponsors (2 Democrats, 0 Republicans)

Senator D-22Patty Kuderer D-48

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Ways & Means.

SB 5314 in other sessions

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

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