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WA SB6229
WA SB6229Concerning taxation of a long-term capital gain of a section 1202 small business stock.
summary
Introduced
01/20/2026
01/20/2026
In Committee
01/20/2026
01/20/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT Relating to taxation of a long-term capital gain of a 2 section 1202 small business stock; amending RCW 82.87.020; and 3 creating a new section. 4
AI Summary
This bill amends existing law to include gains from the sale or exchange of qualified small business stock, as defined by Section 1202 of the Internal Revenue Code (a federal tax law), in the calculation of "adjusted capital gain" for Washington state tax purposes, even if these gains were excluded from federal net long-term capital gain calculations. This change, which applies to capital gains earned on or after January 1, 2026, aims to ensure that certain profits from investments in small businesses are subject to Washington's capital gains tax.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Executive session scheduled, but no action was taken in the Senate Committee on Ways & Means at 4:00 PM. (on 02/19/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://app.leg.wa.gov/billsummary?BillNumber=6229&Year=2025&Initiative=false |
| Senate bill report | https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/Senate/6229%20SBR%20WM%20TA%2026.pdf |
| Fiscal Note - 6229 SB (Final) | https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=75718 |
| Senate bill report (orig.) | https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/Senate/6229%20SBA%20WM%2026.pdf |
| BillText | https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/Senate%20Bills/6229.pdf |
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