Adjusts the estate tax exclusion amount in Washington to account for inflation.

This bill updates the inflation adjustment for the estate tax exclusion amount in Washington. It specifies that the exclusion amount will be adjusted annually based on the consumer price index for the Seattle metropolitan area. The exclusion amount will be $2,193,000 for estates of decedents dying before January 1, 2026, and will be adjusted annually for estates of decedents dying in 2026 and each subsequent year. The adjustment is calculated by multiplying the previous year's exclusion amount by the sum of one plus the percentage by which the consumer price index has increased.

Adjusts the estate tax exclusion amount in Washington to account for inflation.

This bill updates the inflation adjustment for the estate tax exclusion amount in Washington. It specifies that the exclusion amount will be adjusted annually based on the consumer price index for the Seattle metropolitan area. The exclusion amount will be $2,193,000 for estates of decedents dying before January 1, 2026, and will be adjusted annually for estates of decedents dying in 2026 and each subsequent year. The adjustment is calculated by multiplying the previous year's exclusion amount by the sum of one plus the percentage by which the consumer price index has increased.