WA People
BILL · 2025–26 SESSION · LATEST VERSION ESSB 5813

SB 5813: Tax rates/cap. gains, estate

Increasing funding to the education legacy trust account by creating a more progressive rate structure for the capital gains tax and estate tax.

Summary

  • Applies an additional 2.9 percent excise tax on individual's Washington capital gains exceeding $1 million.
  • Increases the estate exclusion amount to $3 million and provides an updated reference to the Consumer Price Index to allow for annual inflation adjustments.
  • Increases the qualifying family-owned business interests deduction amount for the estate tax to $3 million and provides annual inflation adjustments.
  • Increase the tax rates for Washington taxable estates of decedents dying on or after January 1, 2025.

From the Engrossed Substitute Senate Bill Report (ESSB 5813), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 421, Laws of 2025
  1. IntroducedApr 16, 2025
  2. Out of committeeApr 19, 2025
  3. Passed SenateApr 19, 2025
  4. Passed HouseApr 23, 2025
  5. GovernorMay 20, 2025
  6. LawMay 20, 2025
Prime sponsor
Claire Wilson (D-30)
Introduced
April 16, 2025 in the Senate
Last action
May 20, 2025
Session law
Chapter 421, Laws of 2025
Companion bill
HB 2082
Budget
Has a fiscal note
Versions
SB 5813, SSB 5813, ESSB 5813

AN ACT Relating to increasing funding to the education legacy trust account for public education, child care, early learning, and higher education by creating a more progressive rate structure for the capital gains tax and estate tax;

Sponsors

Prime sponsor: Claire Wilson (D-30)

6 co-sponsors (6 Democrats, 0 Republicans)

Derek Stanford D-1Emily Alvarado D-34Noel Frame D-36T'wina Nobles D-28Jamie Pedersen D-43Javier Valdez D-46

Votes

Senate · 3rd Reading & Final Passage

Passed April 19, 2025
Version voted on: ESSB 5813
27 Yea 21 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat27201
Republican01900
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the House

Passed April 23, 2025
Version voted on: ESSB 5813
53 Yea 45 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat53600
Republican03900
How each member voted

Yea (53)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed April 24, 2025
Version voted on: ESSB 5813
27 Yea 21 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat27200
Republican01900
How each member voted
Permalink to this vote

History

  1. Effective date 5/20/2025. (ESSB 5813)
  2. Chapter 421, 2025 Laws. (ESSB 5813)
  3. Governor signed. (ESSB 5813)
  4. Delivered to Governor. (ESSB 5813)
  5. Speaker signed. (ESSB 5813)
  6. President signed. (ESSB 5813)
  7. Passed final passage; yeas, 27; nays, 21; absent, 0; excused, 0. (ESSB 5813)
  8. Senate concurred in House amendments. (ESSB 5813)
  9. Third reading, passed; yeas, 53; nays, 45; absent, 0; excused, 0. (ESSB 5813)
  10. Rules suspended. Placed on Third Reading. (ESSB 5813)
  11. Committee amendment(s) adopted with no other amendments. (ESSB 5813)
  12. Rules Committee relieved of further consideration. Placed on second reading. (ESSB 5813)
  13. Referred to Rules 2 Review. (ESSB 5813)
  14. FIN - Executive action taken by committee. (ESSB 5813)
  15. Minority; do not pass. (ESSB 5813)
  16. FIN - Majority; do pass with amendment(s). (ESSB 5813)
  17. First reading, referred to Finance. (ESSB 5813)
  18. Third reading, passed; yeas, 27; nays, 21; absent, 0; excused, 1. (ESSB 5813)
  19. Rules suspended. Placed on Third Reading. (ESSB 5813)
  20. Floor amendment(s) adopted. (ESSB 5813)
  21. 1st substitute bill substituted. (ESSB 5813)
  22. Placed on second reading by Rules Committee. (ESSB 5813)
  23. Passed to Rules Committee for second reading. (ESSB 5813)
  24. 1st substitute bill substituted.
  25. Passed to Rules Committee for second reading.
  26. Placed on second reading by Rules Committee.
  27. WM - Majority; 1st substitute bill be substituted, do pass. (ESSB 5813)
  28. Minority; do not pass. (ESSB 5813)
  29. Minority; without recommendation. (ESSB 5813)
  30. Minority; without recommendation.
  31. Minority; do not pass.
  32. WM - Majority; 1st substitute bill be substituted, do pass.
  33. First reading, referred to Ways & Means.

SB 5813 in other sessions

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

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