Undoing the recent changes to the estate tax.

HB 2725 reverts Washington state's estate tax rates to levels in effect before July 1, 2025, by amending RCW 83.100.040. It directly affects Washington residents with taxable estates exceeding $1 million, as it reduces tax rates for estates valued between $1 million and $9 million. The bill changes the tax brackets - for example, lowering the top rate from 35% to 20% for estates over $9 million - based on the decedent's death date. This policy change applies to estates of decedents dying on or after specific dates in 2025 and 2026, undoing recent increases enacted in 2025.