Increasing funding to the education legacy trust account by creating a more progressive rate structure for the capital gains tax and estate tax.
SB 5813 aims to increase funding for public education, child care, early learning, and higher education by modifying the state's capital gains and estate taxes. Beginning January 1, 2025, an additional excise tax of 2.90 percent will be imposed on an individual's Washington capital gains that exceed $1,000,000. For the estate tax, the bill increases the applicable exclusion amount to $3,000,000 for estates of decedents dying on or after July 1, 2025. It also creates a more progressive rate structure for the estate tax by increasing the top tier rates up to 35 percent, with all revenues dedicated to the education legacy trust account.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2025
Committee Review
Apr 2025
Senate Passage
Apr 2025
House Passage
Apr 2025
Signed into Law
May 2025
Introduced Apr 16, 2025
Signed May 20, 2025
Maddy AI version diff · 3 comparisons
What changed between versions
Engrossed Substitute Bill
→
Substitute Passed Legislature
·
3 edits
MINOR
This bill updates the effective dates for new estate tax provisions and related funding adjustments to align with a July 1, 2025 start date instead of January 1, 2025. It also modifies the annual inflation adjustment formula for tax thresholds to use 2024 as the baseline year rather than 2012, ensuring the tax rates and exemptions remain current with economic changes.
Scope change
The scope of the new estate tax rules and associated funding adjustments now applies to estates of decedents dying on or after July 1, 2025, rather than January 1, 2025.
TIMELINE
The effective date for the new progressive estate tax rates and related provisions was changed from January 1, 2025, to July 1, 2025.
FISCAL
The annual inflation adjustment for estate tax thresholds now uses the 2024 consumer price index as the baseline, replacing the previous 2012 baseline to better reflect current economic conditions.
ELIGIBILITY
The specific dollar thresholds for estate tax exemptions were updated to reflect the new July 1, 2025 effective date and the revised inflation calculation method.
Floor votes · Senate Apr 19, 2025 · House Apr 23, 2025
How they voted
28–22
Passed · 1 other
Total votes 51
Apr 19, 2025
D
Democratic31
87% Yea
R
Republican20
95% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
31
Key actions
16
Committee
10
May 20, 2025
Signed into law
Governor signed.
executive
Apr 26, 2025
Lower · Passed
Speaker signed.
lower
Apr 25, 2025
Upper · Passed
President signed.
upper
Apr 24, 2025
Upper · Passed
Passed final passage; yeas, 27; nays, 21; absent, 0; excused, 0.
upper
Apr 24, 2025
Upper · Passed
Senate concurred in House amendments.
upper
Apr 23, 2025
Lower · Passed
Committee amendment(s) adopted with no other amendments.
lower
Apr 23, 2025
House · Passed
House Vote: pass (54-46)
house
Apr 22, 2025
Committee
Referred to Rules 2 Review.
lower
Apr 22, 2025
Lower · Passed
Minority; do not pass.
lower
Apr 22, 2025
Lower · Passed
FIN - Majority; do pass with amendment(s).
lower
Apr 22, 2025
Lower · Passed
Executive action taken in the House Committee on Finance at 11:30 AM.
lower
Apr 21, 2025
Lower · Passed
Public hearing in the House Committee on Finance at 9:00 AM.
lower
Apr 19, 2025
Upper · Passed
Floor amendment(s) adopted.
upper
Apr 18, 2025
Upper · Passed
Minority; without recommendation.
upper
Apr 18, 2025
Upper · Passed
Minority; do not pass.
upper
Apr 18, 2025
Upper · Passed
Executive action taken in the Senate Committee on Ways & Means at 9:00 AM.
upper
Apr 16, 2025
Upper · Passed
Public hearing in the Senate Committee on Ways & Means at 5:30 PM.
upper
1 primary · 6 co-sponsors
Sponsors
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