[WSBAPT] ESSB 5813 signed
Joshua McKarcher
josh at mckarcherlaw.com
Tue May 20 15:41:39 PDT 2025
Governor Ferguson a short time ago signed ESSB 5813 increasing, as of July 1, 2025, the Washington estate tax exemption to $3 million per person (indexing upward in 2026 onward) and increasing the top rate to 35%, effectively raising estate taxes on those over $9 million. Family business exemption also matches the $3 million exemption figure. It also adds the 2.9% surcharge for capital gains over $1 million. Full history and text are here: SB 5813 Washington State Legislature<https://app.leg.wa.gov/billsummary?BillNumber=5813&Year=2025>.
Joshua D. McKarcher
McKarcher Law PLLC
537 6th Street
Clarkston, WA 99403
(509) 758-3345
(509) 758-3314 (fax)
josh at mckarcherlaw.com<mailto:josh at mckarcherlaw.com>
www.mckarcherlaw.com<http://www.mckarcherlaw.com/>
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