H-4178.1  _______________________________________________

                          HOUSE BILL 2958

          _______________________________________________

State of Washington      57th Legislature     2002 Regular Session

By Representatives Grant, Nixon, Kessler, Roach, Linville, Morris, Reardon, Lisk, Bush and Lantz

Read first time 02/13/2002.  Referred to Committee on Finance.

Eliminating Washington estate taxes on estates with no federal tax liability.

    AN ACT Relating to eliminating Washington estate taxes on estates with no federal tax liability; adding a new section to chapter 83.100 RCW; creating a new section; and declaring an emergency.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 83.100 RCW to read as follows:

    (1) Notwithstanding any other provision of this chapter, no tax is due under this chapter, and no return need be filed under this chapter, if no federal tax is due under section 2001 of the United States Internal Revenue Code of 1986, as amended or renumbered as of January 1, 2002.

    (2) If a federal tax is due under section 2001 of the United States Internal Revenue Code of 1986, as amended or renumbered as of January 1, 2002, the tax imposed under this chapter shall be calculated based on the United States Internal Revenue Code of 1986, as amended or renumbered as of January 1, 2001.

NEW SECTION. Sec. 2.  This act applies to decedents dying on or after January 1, 2002.

NEW SECTION. Sec. 3.  This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately.

                            --- END ---