Making the estate tax more progressive.

HB 2019 increases the estate tax rates for Washington estates valued over $9 million, making the tax more progressive. Starting in 2025, estates exceeding $9 million will face a 38% tax rate (up from 35% under current law), with higher rates applying to larger estates. This directly affects Washington residents inheriting estates above the new thresholds, particularly those with assets exceeding $9 million. The bill adjusts tax brackets to impose higher rates on the largest estates while raising the applicable exclusion amount to $3 million for 2025-2026.