OLYMPIA, Wash. (AP) — A judge has overturned a new capital gains tax on high profit stocks, bonds and other assets that was approved by the Washington Legislature last year, ruling that it is an unconstitutional tax on income. In…
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…
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…
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.
For years, many Republicans and anti-tax advocates have pushed for a change to the way that investment taxes are calculated.
