Allows crime victims to deduct certain capital gains from Washington state taxes.

The bill amends Washington state tax law to allow crime victims to deduct certain capital gains from their state taxes. Specifically, it permits a deduction for capital gains resulting from criminal acts involving the inducement of the sale of any capital asset, provided there is documentation such as a police report. This deduction applies retroactively and prospectively, meaning it affects past and future tax years.

Allows crime victims to deduct certain capital gains from Washington state taxes.

The bill amends Washington state tax law to allow crime victims to deduct certain capital gains from their state taxes. Specifically, it permits a deduction for capital gains resulting from criminal acts involving the inducement of the sale of any capital asset, provided there is documentation such as a police report. This deduction applies retroactively and prospectively, meaning it affects past and future tax years.