Washington Senate Bill 6248

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Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on January 16 2024 - 25% progression
Action: 2024-01-16 - First reading, referred to Ways & Means.
Pending: Senate Ways & Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

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.

Sen. June Robinson [D]	Sen. Joe Nguyen [D]	Sen. T'wina Nobles [D]	Sen. Rebecca Saldana [D]
Sen. Yasmin Trudeau [D]

Date	Chamber	Action
2024-01-16	Senate	First reading, referred to Ways & Means.

HB2278 (Crossfiled) 2024-01-10 - First reading, referred to Finance.

Chapter	Article	Section	Citation Type	Statute Text
82	04	4497	Amended Code	See Bill Text
82	32	050	Repealed Code	See Bill Text
82	32	060	Amended Code	See Bill Text
82	32	090	Amended Code	See Bill Text
82	32	105	Amended Code	See Bill Text
82	87		New Code	See Bill Text
82	87	020	Amended Code	See Bill Text
82	87	040	Amended Code	See Bill Text
82	87	050	Amended Code	See Bill Text
82	87	070	Amended Code	See Bill Text
82	87	080	Amended Code	See Bill Text
82	87	110	Amended Code	See Bill Text
82	87	120	Amended Code	See Bill Text
82	87	150	Amended Code	See Bill Text

Type	Source
Summary	https://app.leg.wa.gov/billsummary?BillNumber=6248&Year=2023&Initiative=false
Text	https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/Senate%20Bills/6248.pdf
Supplement	https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=70239
Supplement	https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=71052