Bill Title: 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.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced) 2024-01-16 - First reading, referred to Ways & Means. [SB6248 Detail]

Text: Latest bill text (Introduced) [PDF]

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