# RCW 48.14.021: RCW 48.14.021: Reduction of tax—Policies connected with pension, etc., plans exempt or qualified under internal revenue code

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S021

## Section

- **Citation:** RCW 48.14.021
- **Heading:** RCW 48.14.021: Reduction of tax—Policies connected with pension, etc., plans exempt or qualified under internal revenue code
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 48 / Chapter 14 / Section 021

## Text

As to premiums received from policies or contracts issued in connection with a pension, annuity or profit-sharing plan exempt or qualified under sections 401, 403(b), 404, 408(b), or 501(a) of the United States internal revenue code, the rate of tax specified in RCW 48.14.020 shall be reduced twelve and one-half percent with respect to the tax payable in 1964, twenty-five percent with respect to the tax payable in 1965, thirty-seven and one-half percent with respect to the tax payable in 1966, fifty percent with respect to the tax payable in 1967, sixty-two and one-half percent with respect to the tax payable in 1968, seventy-five percent with respect to the tax payable in 1969, eighty-seven and one-half percent with respect to the tax payable in 1970, and one hundred percent with respect to the tax payable in 1971 and annually thereafter.

## Nearby sections

- [RCW 48.14.010 RCW 48.14.010: Fee schedule.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S010.md)
- [RCW 48.14.020 RCW 48.14.020: Premium taxes.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S020.md)
- [RCW 48.14.021 RCW 48.14.021: Reduction of tax—Policies connected with pension, etc., plans exempt or qualified under internal revenue code.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S021.md)
- [RCW 48.14.022 RCW 48.14.022: Taxes—Exemptions and deductions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S022.md)
- [RCW 48.14.025 RCW 48.14.025: Prepayment of tax obligations under RCW 48.14.020.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S025.md)
- [RCW 48.14.027 RCW 48.14.027: Exemption for state health care premiums before July 1, 1990.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S027.md)
- [RCW 48.14.030 RCW 48.14.030: Tax statement.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S030.md)
- [RCW 48.14.040 RCW 48.14.040: Retaliatory provision.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S040.md)
- [RCW 48.14.060 RCW 48.14.060: Failure to pay tax—Penalty.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S060.md)
- [RCW 48.14.070 RCW 48.14.070: Refunds.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S070.md)
- [RCW 48.14.080 RCW 48.14.080: Premium tax in lieu of other forms—Exceptions—Definition.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S080.md)
- [RCW 48.14.090 RCW 48.14.090: Determining amount of direct premium taxable in this state.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S090.md)
- [RCW 48.14.095 RCW 48.14.095: Unlawful or delinquent insurers or taxpayers—Computing the tax payable—Risks, exposures, or enrolled participants only partially in state.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S095.md)
- [RCW 48.14.100 RCW 48.14.100: Foreign or alien insurers, continuing liability for taxes.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S100.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C14_S021. Check the current official text before relying on it. Not legal advice.