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Washington · 2025–26 Regular Sessions · Bill

SB 5314: Capital gains tax

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 5314 is a bill introduced in the Washington Senate on January 16, 2025. According to its official title, it concerns: Modifying the capital gains tax. Primary sponsor: Derek Stanford (D). It lists 2 additional sponsors. Most recent recorded action (May 20, 2025): Governor signed.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

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 2 · Republican 1

NameRolePartyChamberDistrict
Derek StanfordPrimary sponsorDemocraticSenate1
Paul HarrisCo-sponsorRepublicanSenate17
T'wina NoblesCo-sponsorDemocraticSenate28

“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. Governor signed.
  2. Chapter 409, 2025 Laws.
  3. Effective date 7/27/2025*.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Senate concurred in House amendments.
  8. Passed final passage; yeas, 30; nays, 19; absent, 0; excused, 0.
  9. Rules Committee relieved of further consideration. Placed on second reading.
  10. Committee amendment(s) adopted with no other amendments.
  11. Rules suspended. Placed on Third Reading.
  12. Third reading, passed; yeas, 59; nays, 37; absent, 0; excused, 2.

Showing 12 most recent of 31 actions. Full history

Sources

  1. Washington State Legislature Web Services
  2. Official bill page