HB 1926 - DIGEST

Imposes a tax on individuals for the privilege of: (1) Selling or exchanging long-term capital assets; or

(2) Receiving Washington capital gains.

Allows a business and occupation tax deduction against a person's gross income of the business to the extent necessary to avoid taxing the same amounts under chapter 82.04 RCW and this act.

Provides funding for the education legacy trust account.