SB 5314 — Modifying the capital gains tax.
Congress · introduced 2025-01-16
AN ACT Relating to modifying the capital gains tax under chapter 82.87 RCW and related statutes by closing loopholes, replacing the business and occupation tax credit with a capital gains tax credit, clarifying ambiguities and making technical corrections in a manner that is not estimated to affect state or local tax collections, modifying the credit for taxes paid in other jurisdictions, treating spouses and domestic partners more consistently, modifying and adding definitions, creating a late payment penalty waiver, modifying the publication schedule for inflation adjustments, modifying the distributions of moneys to the following fiscal year instead of calendar year, adding a nonclaim period, and adding a new requirement for brokers and barter exchanges;
Latest action: 2025-03-03 — 1st substitute bill substituted.
Sponsors
- Stanford, Derek (D, WA-1) — sponsor · 2025-01-16
- Harris, Paul (R, WA-17) — cosponsor · 2025-01-16
- Nobles, T'wina (D, WA-28) — cosponsor · 2025-01-16
Action timeline
- · senate — First reading, referred to Ways & Means.
- · senate — WM - Majority; 1st substitute bill be substituted, do pass.
- · senate — Minority; do not pass.
- · senate — Minority; without recommendation.
- · senate — WM - Majority; 1st substitute bill be substituted, do pass.
- · senate — Minority; do not pass.
- · senate — Minority; without recommendation.
- · senate — Passed to Rules Committee for second reading.
- · senate — Passed to Rules Committee for second reading.
- · senate — Placed on second reading by Rules Committee.
- · senate — Placed on second reading by Rules Committee.
- · senate — 1st substitute bill substituted.
- · senate — 1st substitute bill substituted.
- · senate — Rules suspended. Placed on Third Reading.
- · senate — Third reading, passed; yeas, 30; nays, 19; absent, 0; excused, 0.
- · senate — First reading, referred to Finance.
- · senate — FIN - Executive action taken by committee.
- · senate — FIN - Majority; do pass.
- · senate — Minority; do not pass.
- · senate — Referred to Appropriations.
- · senate — APP - Executive action taken by committee.
- · senate — APP - Majority; do pass with amendment(s).
- · senate — Minority; do not pass.
- · senate — Minority; without recommendation.
- · senate — Referred to Rules 2 Review.
- · senate — Rules Committee relieved of further consideration. Placed on second reading.
- · senate — Committee amendment(s) adopted with no other amendments.
- · senate — Rules suspended. Placed on Third Reading.
- · senate — Third reading, passed; yeas, 59; nays, 37; absent, 0; excused, 2.
- · senate — Senate concurred in House amendments.
- · senate — Passed final passage; yeas, 30; nays, 19; absent, 0; excused, 0.
- · senate — President signed.
- · senate — Speaker signed.
- · senate — Delivered to Governor.
- · senate — Governor signed.
- · senate — Chapter 409, 2025 Laws.
- · senate — Effective date 7/27/2025*.
Text versions
No text versions on file yet — same ingest as the action timeline populates these. Each version has direct links to the XML / HTML / PDF at govinfo.gov.
Connected on the graph
Inbound (3)
| date | from | type | amount | role | source |
|---|---|---|---|---|---|
| 2025-01-16 | Harris, Paul | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-01-16 | Nobles, T'wina | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-01-16 | Stanford, Derek | sponsor_of_bill | — | sponsor | sponsorship |
Who matters
Members ranked by combined influence on this bill: role (sponsor 5 / cosponsor 1), capped speech count from the Congressional Record, and recorded-vote engagement.
| # | Member | Role | Speeches | Voted | Score |
|---|---|---|---|---|---|
| 1 | Stanford, Derek (D, state_upper WA-1) | sponsor | 0 | — | 5 |
| 2 | Harris, Paul (R, state_upper WA-17) | cosponsor | 0 | — | 1 |
| 3 | Nobles, T'wina (D, state_upper WA-28) | cosponsor | 0 | — | 1 |
Predicted vote
Aggregated from: actual roll-call votes (when present) → sponsor → cosponsor → party median (predicts YES when ≥25% of the caucus sponsored/cosponsored). Each row labels its confidence tier so you can see why a position was predicted.
0 predicted yes (0%) · 543 predicted no (100%) · 0 unknown (0%)
By party: · R: 0 yes / 277 no · D: 0 yes / 263 no · I: 0 yes / 3 no
Activity
Every typed-graph event involving this entity, newest first. Each row is one edge in the influence graph; click the date to jump to its provenance.
- 2025-01-16 · cosponsored by Nobles, T'wina (cosponsor) · sponsorship
- 2025-01-16 · sponsored by Stanford, Derek (sponsor) · sponsorship
- 2025-01-16 · cosponsored by Harris, Paul (cosponsor) · sponsorship