6347.E AMH SCOT H3783.1

ESB 6347 - H AMD TO FIN COMM AMD (H-3753.1/26) 2333

By Representative Scott

OUT OF ORDER 03/11/2026

On page 1, line 26, after "July 1," strike "2026" and insert "2029"

On page 1, at the beginning of line 28, strike "2026" and insert "2029"

On page 1, line 29, after "(xi)" insert "(A)"

On page 1, line 30, after "2027" insert "and 2028"

On page 2, line 1, after "(($3,000,000))" strike "$2,193,000 by" and insert "$3,093,000 by the factor in (a)(xi)(C) of this subsection.

(B) For estates of decedents dying in calendar year 2030 and each calendar year thereafter, the amount in (a)(viii) of this subsection must be adjusted annually, except as otherwise provided in this subsection (1)(a)(xi). The annual adjustment is determined by multiplying $2,193,000 by the factor in (a)(xi)(C) of this subsection.

On page 2, line 4, after "$1,000." insert the following:

"(D)"

On page 4, line 14, after "July 1," strike "2026" and insert "2029"

On page 4, line 28, after "July 1," strike "2026" and insert "2029"

On page 5, after line 21, insert the following:

"NEW SECTION. Sec. 3. The joint legislative audit and review committee, in conjunction with the citizen commission for performance measurement of tax preferences, must conduct a study of the estate tax, including the changes made to the estate tax in 2025. The study must include a study of factors related to the extent and causes of capital flight from Washington among the taxpayers impacted by the estate tax. The joint legislative audit and review committee must report to the legislature on its findings by December 1, 2028, and include the potential impacts that this act will have on both taxpayers and state revenues.

NEW SECTION. Sec. 4. Sections 1 and 2 of this act take effect July 1, 2029."

EFFECT: Requires that the Joint Legislative Audit and Review Committee, in conjunction with the Citizen Commission for Performance Measurement of Tax Preferences, to conduct a study on the impact of changes to the estate tax. Provides a new effective date for the changes to the estate tax of July 1, 2029.