WashingtonWashington taxpayers may pay capital gains tax up to six months early
Individuals who owe Washington capital gains tax may pay it up to six months early, and the department cannot charge pre-due-date interest on qualifying overpayments.
What it does
An individual who owes Washington capital gains tax may pay it up to six months before the filing and payment due date, following the department’s instructions.
If the department determines that an individual overpaid and is entitled to a refund, it may not charge interest for the period before the tax due date.
Argument forTaxpayers who owe this tax could pay up to six months early, giving them another option for meeting the payment deadline.
Argument againstTaxpayers awaiting a refund could still owe interest for other periods, since the no-interest rule covers only time before the due date and requires a department determination.
More detail
A taxpayer who owes tax under this chapter may pay it early. This applies to an individual who owes tax under this chapter for a taxable year. The payment must follow the manner and form set by the department. Early payment may begin six months before the due date for filing and paying tax for that taxable year.
The department may not assess interest for the period before the due date when it determines the taxpayer overpaid and is entitled to a refund. This applies to interest on an overpayment for that taxable year. The department must determine that the taxpayer overpaid for that taxable year and is entitled to a refund. The rule covers only the period before the due date for filing and paying tax for that taxable year.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 24Effective date 6/11/2026.Latest
- Mar 24Chapter 191, 2026 Laws.Major
- Mar 24Governor Bob Ferguson signed.Became Law
- Mar 12Delivered to Governor.To Governor
- Vote recorded Final Passage as Amended by the Senate (#10). Result: pass.Lower
- Mar 12President signed.Major
- Mar 12Speaker signed.Passed Senate
- Mar 12Passed final passage; yeas, 96; nays, 0; absent, 0; excused, 2.Passed House
- Mar 12House concurred in Senate amendments.
- Mar 6Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.Minor
- Vote recorded 3rd Reading & Final Passage as Amended by the Senate (#23). Result: pass.Upper
- Mar 6Rules suspended. Placed on Third Reading.Minor
- Mar 6Committee amendment(s) adopted with no other amendments.
- Mar 3Placed on second reading by Rules Committee.Minor
- Mar 2Passed to Rules Committee for second reading.
- Mar 2WM - Majority; do pass with amendment(s).Minor
- Mar 2Executive action taken in the Senate Committee on Ways & Means at 10:30 AM.
- Jan 27Public hearing in the Senate Committee on Ways & Means at 4:00 PM.
- Jan 16First reading, referred to Ways & Means.Minor
- Jan 15Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1.Minor
- Vote recorded 3rd Reading & Final Passage (#2). Result: pass.Lower
- Jan 15Rules suspended. Placed on Third Reading.Minor
- Jan 13Rules Committee relieved of further consideration. Placed on second reading.Minor
- Jan 12By resolution, reintroduced and retained in present status.
- 2025
- Feb 28Referred to Rules 2 Review.Minor
- Feb 26FIN - Majority; do pass.Minor
- Feb 26Executive action taken in the House Committee on Finance at 8:00 AM.
- Feb 18Public hearing in the House Committee on Finance at 8:00 AM.
- Jan 17First reading, referred to Finance.Introduced
Taxes & Budget