HB 1614: Capital gains tax

Official title

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;

Nonpartisan staff bill reports (analyses) are available on the official bill page.

Sponsors

Sponsors by party (alphabetical): Democratic 3

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. January 12, 2026By resolution, reintroduced and retained in present status.
2. January 12, 2026House Rules "X" file.
3. February 28, 2025Referred to Rules 2 Review.
4. February 28, 2025APP - Majority; 2nd substitute bill be substituted, do pass.
5. February 28, 2025Minority; do not pass.
6. February 28, 2025Minority; without recommendation.
7. February 28, 2025APP - Executive action taken by committee.
8. February 27, 2025Referred to Appropriations.
9. February 26, 2025FIN - Executive action taken by committee.
10. February 26, 2025FIN - Majority; 1st substitute bill be substituted, do pass.
11. February 26, 2025Minority; without recommendation.
12. January 27, 2025First reading, referred to Finance.