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Revenue › WA Capital Gains Excise Tax — base tier (SB 5096)
STATE · INCOME · RCW 82.87
WA Capital Gains Excise Tax — base tier (SB 5096)
Washington's first broad-based capital gains tax, signed 2021 (SB 5096), upheld by WA Supreme Court March 2023. Excludes real estate, retirement accounts, and family-owned small businesses. Collected ~$800M in first ...
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Income
State
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Latest year
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Cumulative collected
7% on long-term gains above ~$262K (2025, inflation-adjusted)
Current rate
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Years of data
About this revenue source
Washington's first broad-based capital gains tax, signed 2021 (SB 5096), upheld by WA Supreme Court March 2023. Excludes real estate, retirement accounts, and family-owned small businesses. Collected ~$800M in first year.
Authorization
Statutory or ballot basis for this revenue source.
Statutory citation: RCW 82.87
Effective: Jan 01, 2022
Collection history
Year-by-year amount collected as documented in the source ledger (Annual Tax Books for property-tax sources; CAFRs and revenue schedules for others).
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Funds it feeds
Every governmental fund that this revenue source flows into. Allocation percentages are documented where the source materials specify them.
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Real-estate relevance
Real estate is exempt — incentivizes holding land over stocks
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