Finance, Taxes, Insurance
Washington State Bill To Repeal Aircraft Luxury Tax
Last year’s law would have imposed a 10% fee on transactions

Washington state legislators responded to critics of the 10% luxury tax enacted last year and set to take effect on April 1, 2026, with approval of HB 2711, which repeals that tax. The tax would have applied to private aircraft sales transactions exceeding $500,000.

HB 2711 was approved on March 12 and will become law after either Gov. Bob Ferguson signs the bill or automatically within 20 days of the legislature’s action, the National Air Transportation Association (NATA) said.

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