Washington House Bill 2278 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-10 - First reading, referred to Finance.
Pending: House Finance 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.

Rep. My-Linh Thai [D]

Rep. Tana Senn [D]

Date	Chamber	Action
2024-01-10	House	First reading, referred to Finance.

SB6248 (Crossfiled) 2024-01-16 - First reading, referred to Ways & Means.

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82	32	050	Repealed Code	See Bill Text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=2278&Year=2023&Initiative=false
Text	https://lawfilesext.leg.wa.gov/biennium/2023-24/Pdf/Bills/House%20Bills/2278.pdf
Supplement	https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=70232
Supplement	https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=71053