WA HB1601

Adds a new deduction to Washington's capital gains tax for crime victims who lost money or capital assets due to criminal acts involving identity theft (ch. 9.35), false representations (ch. 9.38), fraud (ch. 9.45), forgery (ch. 9A.60), or computer crimes (ch. 9A.90 RCW)

Requires the criminal act to have involved inducing the sale of a capital asset, with a police report or similar documentation as evidence

Applies both retroactively and prospectively, allowing past crime victims to claim the deduction

Takes effect immediately as emergency legislation

Exempts the new deduction from tax preference performance statement requirements under RCW 82.32.805 and 82.32.808