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WashingtonHB 13762025-2026 Regular SessionHouseWALLET

Concerning the prepayment of capital gains taxes six months prior to the due date.

Sponsored By: Ed Orcutt (Republican)

Became Law

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

How Washington counts your capital gains

Beginning June 11, 2026, the law updates how Washington figures capital gains for individuals. It defines federal net long‑term capital gain as if some federal rules did not exist (sections 55-59, 164, 1256, 1400Z-1, 1400Z-2). It sets adjusted capital gain with add‑backs and subtractions: add some long‑term loss carryovers and certain section 1256 gains, and subtract non‑Washington and exempt gains. It says what counts as a capital asset, including some property treated as long‑term under section 1231, and that long‑term means held more than one year. It also clarifies terms like individual, intangible personal property, and the federal code date the state uses. These changes can raise or lower your Washington tax depending on your facts.

Prepay Washington capital gains tax

Beginning June 11, 2026, you can pay your Washington capital gains tax up to six months early. This applies if you owe tax under chapter 82.87 RCW for the year. You must use the Department of Revenue’s required method and forms. If you overpay and get a refund, the Department cannot charge interest for the time before the original due date.

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Sponsors & Cosponsors

Sponsor

  • Ed Orcutt

    Republican • House

Cosponsors

  • Andrew Barkis

    Republican • House

  • Cyndy Jacobsen

    Republican • House

  • John Ley

    Republican • House

  • Mark Klicker

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 241 • No: 0

House vote • 3/12/2026

Final Passage as Amended by the Senate

Yes: 96 • No: 0 • Other: 2

Senate vote • 3/6/2026

3rd Reading & Final Passage as Amended by the Senate

Yes: 48 • No: 0 • Other: 1

House vote • 1/15/2026

3rd Reading & Final Passage

Yes: 97 • No: 0 • Other: 1

Actions Timeline

  1. Effective date 6/11/2026.

    3/24/2026House

  2. Chapter 191, 2026 Laws.

    3/24/2026House

  3. Governor signed.

    3/24/2026legislature

  4. Delivered to Governor.

    3/12/2026legislature

  5. Passed final passage; yeas, 96; nays, 0; absent, 0; excused, 2.

    3/12/2026House

  6. House concurred in Senate amendments.

    3/12/2026House

  7. Speaker signed.

    3/12/2026legislature

  8. President signed.

    3/12/2026legislature

  9. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.

    3/6/2026House

  10. Rules suspended. Placed on Third Reading.

    3/6/2026House

  11. Committee amendment(s) adopted with no other amendments.

    3/6/2026House

  12. Placed on second reading by Rules Committee.

    3/3/2026House

  13. WM - Majority; do pass with amendment(s).

    3/2/2026House

  14. Passed to Rules Committee for second reading.

    3/2/2026House

  15. First reading, referred to Ways & Means.

    1/16/2026House

  16. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1.

    1/15/2026House

  17. Rules suspended. Placed on Third Reading.

    1/15/2026House

  18. Rules Committee relieved of further consideration. Placed on second reading.

    1/13/2026House

  19. By resolution, reintroduced and retained in present status.

    1/12/2026House

  20. Referred to Rules 2 Review.

    2/28/2025House

  21. FIN - Majority; do pass.

    2/26/2025House

  22. FIN - Executive action taken by committee.

    2/26/2025House

  23. First reading, referred to Finance.

    1/17/2025House

Bill Text

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