Washington legislation · 2025-26 Regular Session
Washington HB1376: Capital gains tax prepayment
Status: Signed into law, March 24, 2026
Concerning the prepayment of capital gains taxes six months prior to the due date.
What the bill says
An act Relating to the prepayment of capital gains taxes six months prior to the due date; amending RCW 82.87.020; and adding a new section to chapter 82.87 RCW. NEW SECTION.
From the enrolled text:
AN ACT Relating to the prepayment of capital gains taxes six months prior to the due date; amending RCW 82.87.020; and adding a new section to chapter 82.87 RCW. NEW SECTION. Sec. 1. A new section is added to chapter 82.87 RCW to read as follows: (1) A taxpayer owing tax under this chapter for a taxable year may submit payment of the tax beginning six months before the due date for filing and payment for that taxable year. Payments must still be in the manner and form prescribed by the department. (2) Interest may not be assessed for the time period before the due date if the department determines that the taxpayer overpaid the taxes owed for that taxable year and is entitled to a remittance. Sec. 2. RCW 82.87.020 and 2025 c 409 s 4 are each amended to read as follows: The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Adjusted capital gain" means federal net long-term capital (b) Plus any amount of long-term capital loss from a sale or exchange that is not allocated to Washington under RCW 82.87.100, to the extent such loss was included in calculating federal net long-term capital gain; (c) Plus any amount of long-term capital loss carryover that is carried forward from a sale …
Sponsors
- Ed Orcutt (R) · primary sponsor
- Mark Klicker (R)
- Cyndy Jacobsen (R)
- John Ley (R)
- Andrew Barkis (R)
Latest actions
- : Effective date 6/11/2026.
- : Chapter 191, 2026 Laws.
- : Governor signed.
- : Delivered to Governor.
- : President signed.
- : Speaker signed.
- : Passed final passage; yeas, 96; nays, 0; absent, 0; excused, 2.
- : House concurred in Senate amendments.
- : Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.
- : Rules suspended. Placed on Third Reading.
Votes
- Final Passage as Amended by the Senate (March 12, 2026): 96 yea, 0 nay, passed
- 3rd Reading & Final Passage as Amended by the Senate (March 6, 2026): 48 yea, 0 nay, passed
- Senate Committee on Ways & Means: Do pass as amended (March 2, 2026): 24 yea, 0 nay, passed
- 3rd Reading & Final Passage (January 15, 2026): 97 yea, 0 nay, passed
- House Committee on Finance: Do pass (February 26, 2025): 15 yea, 0 nay, passed
Subjects: TAXES - EXCISE
Common questions
- What is HB1376?
- HB1376 is a bill in the Washington Legislature (2025-26 Regular Session): Capital gains tax prepayment.
- What does HB1376 do?
- In its own words: An act Relating to the prepayment of capital gains taxes six months prior to the due date; amending RCW 82.87.020; and adding a new section to chapter 82.87 RCW. NEW SECTION.
- What is the status of HB1376?
- Signed into law as of March 24, 2026. Latest action: Effective date 6/11/2026. (March 24, 2026).
- Who sponsored HB1376?
- Ed Orcutt (R), with 4 co-sponsors.
- Where is the official record for HB1376?
- On the Washington Legislature website: https://app.leg.wa.gov/billsummary?BillNumber=1376&Year=2025
Source: official Washington record. Tracked by Delilah, AI for legislation across all 50 states and Congress.