6346-S.E AMH DENT TAYT 583

ESSB 6346 - H AMD TO H AMD (H-3793.3/26) 2583

NOT ADOPTED 03/09/2026

On page 5, line 15 of the striking amendment, after "302 through" strike "309" and insert "310"

On page 5, line 18 of the striking amendment, after "sections" strike all material through "act" and insert "310 through 315 of this act, except that any gain deferred under section 1031 of the internal revenue code is not considered Washington taxable income until such time as it is recognized for federal income tax purposes"

On page 8, line 19 of the striking amendment, after "302 through" strike "309" and insert "310"

On page 11, after line 15 of the striking amendment, insert the following:

"NEW SECTION. Sec. QUALIFYING RETIRING FARMER DEDUCTION. In computing a taxpayer's Washington base income, the taxpayer must deduct from the taxpayer's adjusted gross income any income reported on federal schedule F for a farmer who has sold at least 50 percent of their business assets and is transitioning to retirement within a taxable year. For the purposes of this section, "farmer" has the same meaning as in RCW 82.04.213.

NEW SECTION. Sec. INVOLUNTARY CONVERSION DEDUCTION. In computing a taxpayer's Washington base income, the taxpayer must deduct from the taxpayer's adjusted gross income any income recognized as a result of an involuntary conversion, including condemnation or the threat of eminent domain, of real property used in a trade of businesses.

NEW SECTION. Sec. AGRICULTURAL SECTION 1250 PROPERTY. In determining a taxpayer's Washington taxable income, the taxpayer may deduct from the taxpayer's Washington base income any gain from the sale or exchange of section 1250 property as defined in section 1250(c) of the internal revenue code that is used primarily for agricultural purposes."

Renumber the remaining sections consecutively and correct any internal references accordingly.

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