Bill > HB1376

This bill allows taxpayers to prepay their capital gains taxes up to six months before the official due date, with payments needing to follow the department's prescribed methods. If a taxpayer overpays and is due a refund, interest will not be charged for the period before the original due date. The bill also makes a minor amendment to the definition of "federal net long-term capital gain" within the existing state law concerning capital gains taxes, specifically by including a reference to Section 164 of the Internal Revenue Code, which deals with certain taxes. The context for this bill is to provide taxpayers with more flexibility in managing their tax obligations related to capital gains.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=1376&Year=2025&Initiative=false