Budget & Taxes

in committee · Washington · House Jan 12, 2026

HB 1614: Modifying the capital gains tax.

HB 1614 modifies Washington's capital gains tax rules by replacing the business and occupation tax credit with a new nonrefundable capital gains tax credit, closing technical loopholes, and clarifying how credits apply to taxpayers. It requires brokers and barter exchanges to report transactions, limits credit use to the tax year of the sale (with no carryforwards), and mandates monthly transfers from the general fund to education accounts based on tax reductions. The bill directly affects taxpayers with capital gains, brokers, and state education funding streams, while ensuring no net change to state tax collections. Key provisions include standardized treatment for spouses/domestic partners and new rules for adjusting transfer amounts to education funds. The changes take effect for 2025 tax years and expire January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax loopholes and mandates education funding via tax reductions, aligning with fiscal responsibility and public service support.90% confidence

Sub-Topics Business Taxes State Budget Tax Credits

Track

in committee · Washington · Senate Jan 12, 2026

SB 5795: Reducing the state sales and use tax rate.

SB 5795 reduces Washington's state sales and use tax rate from 6.5% to 6% for most retail purchases, effective January 1, 2027. The bill directly affects all Washington residents who make retail purchases, with the largest benefit going to low- and middle-income households who pay a higher percentage of their income in sales tax under the current system. This change modifies RCW 82.08.020 to lower the tax rate while maintaining existing exemptions for items like groceries and medical supplies.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces sales tax rate from 6.5% to 6%, providing direct tax relief to low/middle-income households as explicitly stated in the bill summary.95% confidence

Sub-Topics Business Taxes Sales Tax

Track

in committee · Washington · House Jan 12, 2026

HJR 4200: Concerning the taxation of personal property.

HJR 4200 proposes a constitutional amendment to increase Washington state's personal property tax exemption from $15,000 to $50,000 per head of household for taxable personal property. If approved by voters, this change would directly affect homeowners and residents who own personal property (like vehicles or equipment) subject to state taxation. The amendment would modify Article VII, Section 1 of the state constitution to adjust the exemption amount while maintaining other constitutional tax principles, such as uniformity and public purpose requirements. This measure requires voter approval at the next general election after the secretary of state publishes the amendment notice in local newspapers.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases personal property tax exemption from $15k to $50k, providing tax relief to homeowners and residents by reducing taxable personal property burden, aligning with middle-income tax relief.90% confidence

Sub-Topics Property Tax Tax Incentives

Track

in committee · Washington · House Jan 12, 2026

HB 1148: Exempting goods and services provided by youth athletic facilities from sales and use tax.

HB 1148 exempts goods and services provided by qualifying nonprofit youth athletic facilities from Washington State's sales and use tax, effective January 1, 2026. The bill applies specifically to facilities primarily hosting competitive sports for youth under 18, operated by 501(c)(3) nonprofit organizations. This change aims to reduce costs for families and support facility accessibility, particularly in underserved communities. The exemption covers both sales transactions and the use of purchased goods/services at these facilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts nonprofit youth sports facilities from sales tax, providing tax relief to families and supporting accessibility in underserved communities.95% confidence

Sub-Topics Sales Tax

Track

in committee · Washington · House Jan 12, 2026

HB 1887: Creating a data broker registry for the purpose of imposing a data broker severance tax.

HB 1887 requires data brokers - businesses that collect, aggregate, and sell Washington residents' personal information without consent - to register annually with the Department of Licensing starting in 2026. It defines "brokered personal data" broadly (including names, addresses, biometric details, and social security numbers) and exempts consumer reporting agencies, financial institutions under federal law, and services providing public business info or health/safety alerts. Data brokers must submit basic contact details and pay an annual registration fee, with the revenue intended to fund state programs. The bill aims to create transparency about this industry while generating state revenue from a growing business model.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new data broker severance tax, creating direct revenue stream for state budget without targeting individuals.90% confidence ✓ TechnologySupports TechnologyRegulates data brokers selling personal information without consent via registration and severance tax, directly strengthening data privacy protections as defined in the bill's scope.95% confidence

Sub-Topics Fees & Licensing Revenue Consumer Data Protection Data Privacy

Track

in committee · Washington · House Jan 12, 2026

HB 2043: Concerning transportation resources.

HB 2043 addresses Washington's transportation funding challenges by creating new revenue sources to replace declining fuel tax income. It responds to rising construction costs and reduced fuel tax revenue caused by more fuel-efficient vehicles. The bill aims to ensure reliable funding for roads, transit, and infrastructure that support residents' mobility and the state's economic growth. It does not specify exact funding methods but targets multiple revenue streams to maintain transportation system service levels.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new revenue sources to replace declining fuel tax income, ensuring reliable transportation funding through multiple revenue streams to maintain infrastructure spending.95% confidence ✓ TransportationSupports TransportationCreates new revenue streams to maintain transportation funding for roads, transit, and infrastructure, ensuring continued support for mobility and economic growth.95% confidence

Sub-Topics Revenue Transportation Funding

Track

in committee · Washington · House Jan 12, 2026

HB 1198: Making 2025-2027 fiscal biennium operating appropriations.

This bill establishes the state's operating budget for the 2025-2027 fiscal biennium, allocating specific funds to Washington state government agencies and legislative bodies. It provides $122.3 million for the House of Representatives, $92.9 million for the Senate, and $14.2 million for the Joint Legislative Audit Committee for salaries and operations across both fiscal years. Funding includes conditions, such as $75,000 for a cost task force that lapses if related legislation isn't enacted by June 2025. The bill directly affects state agencies and legislative operations by setting their annual spending limits for this two-year period.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $122.3M for House, $92.9M for Senate, and $14.2M for Audit Committee, directly funding legislative operations under fiscal biennium budget.95% confidence

Sub-Topics Appropriations Audits & Accountability State Budget

Track

in committee · Washington · House Jan 12, 2026

HB 2066: Providing financial relief for families by establishing a sales tax holiday for back-to-school shopping.

HB 2066 creates a temporary sales tax holiday for back-to-school shopping in Washington State, running from 12:00 a.m. on the second Friday of August through 11:59 p.m. on the following Sunday each year. It directly affects families with children in grades K-12 by exempting sales tax on qualifying items: clothing (including footwear, $100 or less per item), school supplies ($50 or less), and personal computers/computer accessories ($1,500 or less for home use). Businesses may opt out if they expect less than 5% of sales to come from these items, but the state will maintain a public list of exempt products. The policy aims to reduce immediate financial strain on families during back-to-school shopping, aligning with similar programs in other states.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides temporary sales tax exemption for qualifying back-to-school items, reducing tax burden on middle-income families per bill's explicit financial relief purpose.95% confidence ✓ EducationSupports EducationProvides tax relief on school supplies, clothing, and computers for K-12 families, reducing costs for essential educational materials and improving access.85% confidence

Sub-Topics Sales Tax K-12 Education

Track

in committee · Washington · Senate Jan 12, 2026

SB 5811: Establishing a tax on certain business activities related to surpluses generated under the zero-emission vehicle program.

SB 5811 establishes an excise tax on certain business activities related to surplus zero-emission vehicle (ZEV) credits generated by vehicle manufacturers in Washington state. The existing ZEV program requires manufacturers to sell a minimum percentage of ZEVs or acquire credits, allowing some to generate surplus credits. This bill imposes a 2% tax on the sale price of ZEV credits sold to other manufacturers, and also applies to the pooling and banking of these surplus credits. The intent is to tax these "windfall profits" and reinvest the funds into other programs that promote cleaner vehicles and support state climate goals.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 2% tax on ZEV credit sales, generating state revenue for budget management.95% confidence ✗ EnergyOpposes EnergyBill taxes ZEV credit trading (2% on sale price), adding cost to the mechanism supporting the ZEV program, which weakens the incentive for manufacturers to produce surplus credits and thus undermines the clean energy standard.80% confidence ✗ EnvironmentOpposes EnvironmentTaxing ZEV credit sales reduces market liquidity, potentially weakening the ZEV program's effectiveness in promoting EV adoption and environmental goals.85% confidence

Sub-Topics Business Taxes Sales Tax

Track

in committee · Washington · Senate Jan 12, 2026

SB 5020: Providing property tax relief to senior citizens.

SB 5020 would exempt Washington homeowners aged 75 or older from all state and local property taxes on their primary residence, regardless of household income. To qualify, seniors must own the home (as fee simple, life estate, or contract purchase) and occupy it as their main home at the time of filing. The exemption transfers to a new primary residence if the senior sells or moves due to displacement, but does not apply to secondary homes. It takes effect for property taxes due in 2026 and later, with temporary absences for long-term care (e.g., nursing home stays) not disqualifying eligibility if the original home remains occupied by a spouse or dependent.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts seniors from property taxes, providing direct tax relief to lower-income seniors as a fiscal support measure.95% confidence

Sub-Topics Property Tax Tags Seniors

Track