WA People
BILL · 2021–22 SESSION

HB 1465: Estate tax

Making the estate tax more progressive by exempting small estates, reducing estate taxes on medium estates, increasing the estate tax on larger estates, and addressing equity in homeownership and homelessness.

Summary

  • Makes changes to the Washington estate tax, including increasing the exclusion amount, changing deductions, and making changes to the rates and rate structure.
  • Creates the Equity in Housing Account to be funded by 10 percent of the estate tax revenues.

From the House Bill Analysis 2021 (HB 1465), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 2, 2021
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Tina Orwall (D-33)
Introduced
February 2, 2021 in the House
Last action
January 10, 2022
Budget
Has a fiscal note

AN ACT Relating to making the estate tax more progressive by exempting small estates, reducing estate taxes on medium estates, increasing the estate tax on larger estates, and addressing equity in homeownership and homelessness;

Sponsors

Prime sponsor: Tina Orwall (D-33)

11 co-sponsors (11 Democrats, 0 Republicans)

Alex Ramel D-40Cindy Ryu D-32Sharon Wylie D-49Noel Frame D-36Timm Ormsby D-3Javier Valdez D-46Gerry Pollet D-46My-Linh Thai D-41Frank Chopp D-43Nicole Macri D-43Kirsten Harris-Talley D-37

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 Finance.

HB 1465 in other sessions

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

Report wrong or missing information on this page