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STATE · INCOME · RCW 82.87
WA Capital Gains Excise Tax — upper tier (SB 5813)
2025 expansion to two-tier structure: 7% on gains $262K-$1M, then 9.9% above $1M. Same exclusions apply — real estate still fully exempt. Part of the 2025 mega-package alongside estate-tax and B&O increases.
Live
Income
State
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Latest year
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Cumulative collected
9.9% on gains over $1,000,000 (added on top of 7% base tier)
Current rate
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Years of data
About this revenue source
2025 expansion to two-tier structure: 7% on gains $262K-$1M, then 9.9% above $1M. Same exclusions apply — real estate still fully exempt. Part of the 2025 mega-package alongside estate-tax and B&O increases.
Authorization
Statutory or ballot basis for this revenue source.
Statutory citation: RCW 82.87
Effective: Jan 01, 2025
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 exempt again — even stronger incentive at high end
Discussed in meetings
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