WA HB2725

Reverses estate tax rate increases enacted in 2025 (chapter 421) by restoring lower tax rates effective April 1, 2026

Maintains a transitional higher-rate tax structure for estates of decedents dying between July 1, 2025 and April 1, 2026, with rates ranging from 10% to 35% on estates over $9 million

Restores the pre-2025 estate tax rates starting April 1, 2026, with graduated rates from 10% on the first $1 million to 20% on amounts over $9 million

Reduces the top marginal estate tax rate from 35% back to 20% for estates exceeding $9 million

Applies to transfers of property located in Washington, including intangible property owned by Washington residents