WA People
BILL · 2025–26 SESSION · LATEST VERSION 2SHB 1614

HB 1614: Capital gains tax

Modifying the capital gains tax.

Summary

  • Clarifies the provisions of the capital gains tax and makes technical corrections and changes to enhance administration of the tax.

From the House Bill Report (HB 1614), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedJan 27, 2025
  2. Out of committeeFeb 28, 2025
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
My-Linh Thai (D-41)
Introduced
January 27, 2025 in the House
Last action
January 12, 2026
Requested by
State agency
Companion bill
SB 5314
Budget
Has a fiscal note
Versions
HB 1614, SHB 1614, 2SHB 1614

AN ACT Relating to modifying the capital gains tax under chapter 82.87 RCW and related statutes by closing loopholes, 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, modifying the credit for taxes paid in other jurisdictions, treating spouses and domestic partners more consistently, modifying and adding definitions, creating a late payment penalty waiver, modifying the publication schedule for inflation adjustments, modifying the distributions of moneys to the following fiscal year instead of calendar year, adding a nonclaim period, and adding a new requirement for brokers and barter exchanges;

Sponsors

Prime sponsor: My-Linh Thai (D-41)

2 co-sponsors (2 Democrats, 0 Republicans)

Julia Reed D-36Janice Zahn D-41

Votes

No recorded floor votes.

History

  1. House Rules "X" file. (2SHB 1614)
  2. By resolution, reintroduced and retained in present status. (2SHB 1614)
  3. By resolution, reintroduced and retained in present status. (SHB 1614)
  4. House Rules "X" file. (SHB 1614)
  5. House Rules "X" file.
  6. By resolution, reintroduced and retained in present status.
  7. Minority; without recommendation. (2SHB 1614)
  8. Minority; do not pass. (2SHB 1614)
  9. APP - Majority; 2nd substitute bill be substituted, do pass. (2SHB 1614)
  10. Referred to Rules 2 Review. (2SHB 1614)
  11. Referred to Rules 2 Review. (SHB 1614)
  12. APP - Majority; 2nd substitute bill be substituted, do pass. (SHB 1614)
  13. Minority; do not pass. (SHB 1614)
  14. Minority; without recommendation. (SHB 1614)
  15. APP - Executive action taken by committee. (SHB 1614)
  16. APP - Executive action taken by committee.
  17. Minority; without recommendation.
  18. Minority; do not pass.
  19. APP - Majority; 2nd substitute bill be substituted, do pass.
  20. Referred to Rules 2 Review.
  21. Referred to Appropriations. (SHB 1614)
  22. Referred to Appropriations.
  23. FIN - Majority; 1st substitute bill be substituted, do pass. (SHB 1614)
  24. Minority; without recommendation. (SHB 1614)
  25. Minority; without recommendation.
  26. FIN - Majority; 1st substitute bill be substituted, do pass.
  27. FIN - Executive action taken by committee.
  28. First reading, referred to Finance.

HB 1614 in other sessions

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

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