capital gains tax

Second lawsuit filed seeking to invalidate capital gains tax

SEATTLE (AP) — Former Washington Attorney General Rob McKenna has filed a lawsuit seeking to strike down the state’s new capital gains tax, arguing it is an illegal income tax. The lawsuit, filed Thursday in Douglas County Superior Court, was…

Governor signs $59 billion, two-year budget for Washington

SPOKANE, Wash. (AP) — Washington Gov. Jay Inslee on Tuesday signed a $59 billion, two-year state operating budget that he said would help provide relief and recovery from the widespread effects of the pandemic. The Democrat also signed an $11.8…

Senate and House to enter negotiations on capital gains tax

The Washington Senate on Thursday refused to concur with changes the House made to a measure to create a new tax on capital gains, which means lawmakers from each chamber will start negotiations to see if they can reach a deal before the legislative session ends Sunday.