Repealing the capital gains income tax.
HB 1665 repeals Washington State's capital gains tax, which previously taxed profits from selling investments or property. The bill removes 15 specific tax code sections (RCW 82.87.010-82.87.150) and related provisions from 2021 legislation that established the tax. This change takes effect October 1, 2025, eliminating the tax requirement for affected taxpayers.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 12, 2026
Last action Jan 12, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
Jan 12, 2026
Introduced
By resolution, reintroduced and retained in present status.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeremie Dufault
RRepublican
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