SSB 5314 Information
| Legal Title | AN ACT Relating to modifying the capital gains tax under chapter 82.87 RCW and related statutes by closing loopholes, 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, modifying the credit for taxes paid in other jurisdictions, treating spouses and domestic partners more consistently, modifying and adding definitions, creating a late payment penalty waiver, modifying the publication schedule for inflation adjustments, modifying the distributions of moneys to the following fiscal year instead of calendar year, adding a nonclaim period, and adding a new requirement for brokers and barter exchanges; |
| Description | Modifying the capital gains tax. |
Details
Committee Hearings
| Hearing | Senate Ways & Means (Public) |
| Hearing | Senate Ways & Means (Executive) |
| Hearing | House Finance (Executive) |
| Hearing | House Appropriations (Public) |
| Hearing | House Appropriations (Executive) |
SSB 5314 Bill Timeline
Go to SSB 5314 at leg.wa.gov
Became Law
C 409 L 25
Governor signed.
C 409 L 25
Chapter 409, 2025 Laws.
C 409 L 25
Effective date 7/27/2025*.
C 409 L 25
Delivered to Governor.
C 409 L 25
Speaker signed.
C 409 L 25
President signed.
C 409 L 25
Senate concurred in House amendments.
C 409 L 25
Passed final passage; yeas, 30; nays, 19; absent, 0; excused, 0.
C 409 L 25
Rules Committee relieved of further consideration. Placed on second reading.
C 409 L 25
Committee amendment(s) adopted with no other amendments.
C 409 L 25
Third reading, passed; yeas, 59; nays, 37; absent, 0; excused, 2.
C 409 L 25
Referred to Rules 2 Review.
C 409 L 25
APP - Executive action taken by committee.
C 409 L 25
APP - Majority; do pass with amendment(s).
C 409 L 25
Referred to Appropriations.
C 409 L 25
FIN - Executive action taken by committee.
C 409 L 25
FIN - Majority; do pass.
C 409 L 25
First reading, referred to Finance.
C 409 L 25
1st substitute bill substituted.
C 409 L 25
Rules suspended. Placed on Third Reading.
C 409 L 25
Third reading, passed; yeas, 30; nays, 19; absent, 0; excused, 0.
C 409 L 25
Placed on second reading by Rules Committee.
C 409 L 25
Passed to Rules Committee for second reading.
C 409 L 25
WM - Majority; 1st substitute bill be substituted, do pass.
C 409 L 25
Minority; do not pass.
C 409 L 25
Minority; without recommendation.
Ssubst for
First reading, referred to Ways & Means.