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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)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

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

Washington gains tax excludes a deduction

Washington's capital gains tax calculation ignores the federal tax deduction allowed under section 164. This rule changes the federal long-term gain amount used to calculate your Washington taxable gains. It can increase the gains subject to Washington tax for affected investors.

Washington investors can pay gains tax early

Beginning June 11, 2026, you can pay Washington capital gains tax starting six months before it is due. This option applies when you owe the tax, using the Department of Revenue's required form and payment method. If the department finds you overpaid and are due money back, you get no interest for the time before the due date. Paying early does not change the amount of tax owed.

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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