Notice of Introduction for Senate bill 6229 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 02/05/2026 05:15 PM PST
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UPDATE: The 10 year analysis for SB 6229, titled AN ACT Relating to taxation of a long-term capital gain of a section 1202 small business stock, has been completed. The Office of Financial Management has identified this bill as requiring a ten-year
projection of increased cost to the taxpayers or affected fee payers.
Ten-year projection:
|
Fiscal |
Capital gains tax |
|
|
|
||
|
2026 |
$0 |
|
|
2027 |
$1,200,000 |
|
|
2028 |
$1,100,000 |
|
|
2029 |
$1,100,000 |
|
|
2030 |
$1,100,000 |
|
|
2031 |
$1,100,000 |
|
|
2032 |
$1,100,000 |
|
|
2033 |
$1,100,000 |
|
|
2034 |
$1,100,000 |
|
|
2035 |
$1,100,000 |
|
|
|
||
|
Total: |
$10,000,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Senator Noel Frame, Prime Sponsor
Democrat
(360) 786-7670
noel.frame@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp