SB 6248: 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 16, 2024
2. Out of committeestopped here
3. Passed Senate
4. Passed House
5. Governor
6. Law

Prime sponsor

June Robinson (D-38)

Introduced

January 16, 2024 in the Senate

Last action

January 16, 2024

Requested by

State agency

Companion bill

HB 2278

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;