Adjusts the estate tax exclusion amount for inflation in Washington.

This bill amends Washington's estate tax laws to adjust the estate tax exclusion amount for inflation. Starting August 1, 2025, the exclusion amount will be $2,959,000, and it will be adjusted annually based on the consumer price index. The adjustment will be calculated by multiplying the previous year's exclusion amount by the percentage increase in the consumer price index. The adjustment will not be made if it results in a lower exclusion amount than the previous year.

Adjusts the estate tax exclusion amount for inflation in Washington.

This bill amends Washington's estate tax laws to adjust the estate tax exclusion amount for inflation. Starting August 1, 2025, the exclusion amount will be $2,959,000, and it will be adjusted annually based on the consumer price index. The adjustment will be calculated by multiplying the previous year's exclusion amount by the percentage increase in the consumer price index. The adjustment will not be made if it results in a lower exclusion amount than the previous year.