HB1376 • 2026

Capital gains tax prepayment

Concerning the prepayment of capital gains taxes six months prior to the due date.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Orcutt, Representative Klicker, Representative Jacobsen, Representative Ley, Representative Barkis
Last action: 2026-03-24
Official status: C 191 L 26
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Capital gains tax prepayment

What This Bill Does

Capital gains tax prepayment

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

1376 AMS WM S5885.1

0 • Ways & Means

ADOPTED

Plain English: 1376 AMS WM S5885.1 HB 1376 - S COMM AMD By Committee on Ways & Means ADOPTED 03/06/2026 Strike everything after the enacting clause and insert the 1 following: 2 "NEW SECTION.

1376 AMS WM S5885.1 HB 1376 - S COMM AMD By Committee on Ways & Means ADOPTED 03/06/2026 Strike everything after the enacting clause and insert the 1 following: 2 "NEW SECTION.
Sec.
1.
A new section is added to chapter 82.87 3 RCW to read as follows: 4 (1) A taxpayer owing tax under this chapter for a taxable year 5 may submit payment of the tax beginning six months before the due 6 date for filing and payment for that taxable year.

Bill History

2026-03-24 House
Effective date 6/11/2026.

Official Summary Text

Capital gains tax prepayment

Current Bill Text

Read the full stored bill text

AN ACT Relating to the prepayment of capital gains taxes six 1
months prior to the due date; and adding a new section to chapter 2
82.87 RCW. 3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:4
NEW SECTION. Sec. 1. A new section is added to chapter 82.87 5
RCW to read as follows: 6
(1) A taxpayer owing tax under this chapter for a taxable year 7
may submit payment of the tax beginning six months before the due 8
date for filing and payment for that taxable year. Payments must 9
still be in the manner and form prescribed by the department.10
(2) Interest may not be assessed for the time period before the 11
due date if the department determines that the taxpayer overpaid the 12
taxes owed for that taxable year and is entitled to a remittance.13
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H-0543.2
HOUSE BILL 1376
State of Washington 69th Legislature 2025 Regular Session
By Representatives Orcutt, Klicker, Jacobsen, Ley, and Barkis
Read first time 01/17/25. Referred to Committee on Finance.
p. 1 HB 1376