Undoing the recent changes to the estate tax. (REVISED FOR ENGROSSED: Undoing certain changes to the estate tax.)

Summary

The bill restores the Washington estate‑tax exemption amounts to the values that applied before the latest reforms and reinstates the prior tax‑rate tables for estates dying before July 1 2025 and between July 1 2025 and July 1 2026. It also adds a formula to adjust the exemption annually for deaths after 2026 based on the Seattle‑Tacoma CPI. The change affects Washington residents who inherit property and the state’s Department of Revenue that administers the tax.

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