Washington HB2725 reverses recent estate tax changes, reinstating previous tax rates.

Washington HB2725 amends the estate tax rates for decedents dying at different times. For estates of decedents dying before July 1, 2025, the tax follows a stand-alone estate tax. For estates of decedents dying between July 1, 2025, and April 1, 2026, the tax rates range from 10% to 20%. For estates of decedents dying on or after April 1, 2026, the tax rates range from 10% to 35%. The bill also includes provisions for calculating the tax when property is located outside Washington.

Washington HB2725 reverses recent estate tax changes, reinstating previous tax rates.

Washington HB2725 amends the estate tax rates for decedents dying at different times. For estates of decedents dying before July 1, 2025, the tax follows a stand-alone estate tax. For estates of decedents dying between July 1, 2025, and April 1, 2026, the tax rates range from 10% to 20%. For estates of decedents dying on or after April 1, 2026, the tax rates range from 10% to 35%. The bill also includes provisions for calculating the tax when property is located outside Washington.