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Committee hears long briefing on technical changes to Washington capital gains tax; CPAs and DOR sign off on language changes
Summary
House Bill 16 14, an agency request from the Department of Revenue, got a lengthy briefing in House Finance on Feb. 18 that would make multiple technical and administrative changes to Washington’s capital gains tax.
House Bill 16 14 received a detailed staff briefing Feb. 18 in House Finance as the Department of Revenue and the bill’s sponsor described technical changes intended to improve administration of the Washington capital gains tax.
Tracy Taylor, staff to the committee, walked members through the bill’s major changes, including repeal of the existing B&O credit effective Jan. 1, 2026 (preserving taxpayer rights to claim the credit for earlier periods), creation of a nonrefundable capital‑gains tax credit for…
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