SB 6229·WA·senate
Concerning taxation of a long-term capital gain of a section 1202 small business stock.
IntroducedFiled Jan 20, 2026
Sponsor: Frame
Latest Action
Executive session scheduled, but no action was taken in the Senate Committee on Ways & Means at 4:00 PM.
Feb 19, 2026
Summary
The bill revises the state’s definition of adjusted capital gain, adding the gain from qualified small‑business stock under IRS Section 1202 and updating related loss and gain calculations. It applies to individual taxpayers who are Washington residents and only to gains realized on or after Jan. 1, 2026. The change could affect how much tax Washington residents owe on those specific stock sales.
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