H-0543.2

HOUSE BILL 1376

ByRepresentatives Orcutt, Klicker, Jacobsen, Ley, and Barkis

AN ACT Relating to the prepayment of capital gains taxes six months prior to the due date; and adding a new section to chapter 82.87 RCW.

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

NEW SECTION.  Sec. 1. A new section is added to chapter 82.87 RCW to read as follows:

(1) A taxpayer owing tax under this chapter for a taxable year may submit payment of the tax beginning six months before the due date for filing and payment for that taxable year. Payments must still be in the manner and form prescribed by the department.

(2) Interest may not be assessed for the time period before the due date if the department determines that the taxpayer overpaid the taxes owed for that taxable year and is entitled to a remittance.

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