HB 2278: Capital gains tax

Modifying the capital gains tax under chapter 82.87 RCW and related statutes by closing loopholes, repealing and replacing the business and occupation tax credit with a capital gains tax credit, clarifying ambiguities and making technical corrections in a manner that is not estimated to affect state or local tax collections, treating spouses and domestic partners more consistently, modifying and adding definitions, creating a good faith penalty waiver, and modifying the publication schedule for inflation adjustments.

1. IntroducedJan 10, 2024
2. Out of committeestopped here
3. Passed House
4. Passed Senate
5. Governor
6. Law

Prime sponsor

My-Linh Thai (D-41)

Introduced

January 10, 2024 in the House

Last action

January 10, 2024

Requested by

State agency

Companion bill

SB 6248

Budget

Has a fiscal note

AN ACT Relating to modifying the capital gains tax under chapter 82.87 RCW and related statutes by closing loopholes, repealing and replacing the business and occupation tax credit with a capital gains tax credit, clarifying ambiguities and making technical corrections in a manner that is not estimated to affect state or local tax collections, treating spouses and domestic partners more consistently, modifying and adding definitions, creating a good faith penalty waiver, and modifying the publication schedule for inflation adjustments;