Deduction
Amounts the state is prohibited from taxing
Capital Gains Tax deduction · RCW 82.87.060(2) · enacted 2021
Details
- Citation
- RCW 82.87.060(2)
- Study reference
- E1219-1
- Tax type
- Capital Gains Tax
- Preference type
- Deduction
- Category
- Individuals
- Year enacted
- 2021
- End date
- None scheduled
Fiscal impact (2024 study estimates)
- Revenue if repealed — local ($M)
- FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
- Revenue if repealed — state ($M)
- FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
- Taxpayer savings — local ($M)
- FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
- Taxpayer savings — state ($M)
- FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
CTI = confidential taxpayer information · D = unable to disclose
From the 2024 DOR Tax Exemption Study
82.87.060(2) - Amounts the state is prohibited from taxing Description An individual may deduct amounts the state is prohibited from taxing, whether by federal law or under state law. Purpose To comply with applicable tax laws. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this deduction would not increase revenue because currently no exemption taxpayers use it. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions No taxpayers currently use this deduction. We expect no usage during the forecasted period of this study. Data Sources Department of Revenue, Excise tax data Additional Additional Information Information Category: Individuals Year Enacted: 2021 Primary Beneficiaries: None Taxpayer Count: 0 Program Inconsistency: None evident JLARC Review: No review completed 2024 Tax Exemption Study Page 298
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This is reference data from the 2024 study — not advice, and 2025–26 legislation may have changed it. Three ways to go deeper: