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Bill

SB 5813

Increasing funding to the education legacy trust account by creating a more progressive rate structure for the capital gains tax and estate tax.

2025-2026 Regular Session Introduced by Emily Alvarado and 6 co-sponsors

Washington raises capital gains and estate taxes with progressive rates to fund education, effective immediately after Governor's May 2025 signature.

Effective date 5/20/2025.
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Bill Summary · SB 5813

Legislative bill overview

SB 5813 modifies Washington's capital gains tax and estate tax structures to implement more progressive rate tiers, directing increased revenue to the education legacy trust account. The bill became law on May 20, 2025, and took effect immediately upon the Governor's signature.

Why is this important

Education funding directly affects school resources, teacher compensation, and student services. Progressive tax structures shift a larger burden toward higher earners, which is a significant policy choice affecting wealth distribution and state revenue allocation. This addresses ongoing debates about education adequacy and tax equity in Washington.

Potential points of contention

  • Distributional impact: Higher-income earners will pay increased capital gains and estate taxes, raising fairness concerns among those affected while others view it as necessary for funding public services
  • Economic effects: Progressively higher capital gains taxes may affect investment behavior and business decisions in Washington, potentially impacting economic growth or competitiveness
  • Implementation complexity: More granular tax rate structures require careful administration and may create compliance challenges for taxpayers and the Department of Revenue

Compiled from official sources — confirm details with the bill’s official record.

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