The bill amends RCW 83.100.050 to eliminate the estate tax filing requirement for certain estates that involve a qualifying familial residence. Specifically, it states that a Washington return is not required for a decedent's estate if the estate does not need to file an estate tax return to claim a specific election, the decedent was survived by a spouse, and the qualifying family residence passed to the spouse. Additionally, the value of the decedent's gross estate, minus the value of the qualifying family residence, must be less than the applicable exclusion amount. The bill also provides definitions for terms such as "principal place of residence" and "qualifying family residence."

This act will apply to decedents who die on or after January 1, 2025, and clarifies that certain existing laws (RCW 82.32.805 and 82.32.808) do not apply to this act. The changes aim to simplify the estate tax process for families inheriting a primary residence, thereby reducing the administrative burden on surviving spouses.

Statutes affected:
Original Bill: 83.100.050
Bill as Passed Legislature: 83.100.050
Session Law: 83.100.050