Reinstating estate tax rates for Washington estates before May 20, 2025, for decedents dying on or after July 1, 2026.

This bill reinstates estate tax rates that applied immediately before May 20, 2025, for estates of decedents dying on or after July 1, 2026. It amends the Washington Taxable Estate Value to reflect the tax rates and brackets that were in effect before May 20, 2025. The tax rates are set at 10%, 14%, 15%, 16%, 18%, 19%, and 20% for various estate value brackets. The bill also specifies that for estates of decedents dying on or after July 1, 2025, but before July 1, 2026, different tax rates apply.

Reinstating estate tax rates for Washington estates before May 20, 2025, for decedents dying on or after July 1, 2026.

This bill reinstates estate tax rates that applied immediately before May 20, 2025, for estates of decedents dying on or after July 1, 2026. It amends the Washington Taxable Estate Value to reflect the tax rates and brackets that were in effect before May 20, 2025. The tax rates are set at 10%, 14%, 15%, 16%, 18%, 19%, and 20% for various estate value brackets. The bill also specifies that for estates of decedents dying on or after July 1, 2025, but before July 1, 2026, different tax rates apply.