Repealing Washington's capital gains tax comes before voters
WEB11 hours ago · The future of Washington's capital gains tax is on the ballot. Washington voters will soon decide whether to repeal the state's tax on capital gains, which is paid by some of the state's wealthiest residents. Why it matters: If voters opt to nix the tax by approving Initiative 2109, the state will lose more than $2 billion in revenue for child ...
Initiative aiming to repeal Washington state capital gains tax …
WEBJan 23, 2024 · The controversial capital gains tax in Washington state may appear on the November ballot later this year. Initiative 2109, which would repeal the tax, qualified for the ballot after collecting...
Will a Controversial Capital Gains Tax Be Repealed in November ...
WEBJan 25, 2024 · After generating close to $900 million in revenue in its first year, Washington's capital gains tax could end up on the November 2024 ballot.
Washington residents haven't paid income tax in years, but a new ...
WEBFeb 27, 2024 · Washingtonians have not been required to pay income tax in almost a century, thanks to a 1933 decision by the state Supreme Court that ruled an income tax to be unconstitutional unless it’s...
Capital gains tax ruled constitutional by Washington state …
WEBMar 24, 2023 · The Washington state Supreme Court ruled that a statewide tax on capital gains is lawful, allowing the legislation to move forward nearly two years after it was approved by lawmakers. The...
Capital Gains excise tax ruled constitutional | Washington …
WEBPassed by the 2021 Washington State Legislature, ESSB 5096 (RCW 82.87) created a 7% tax on any gain in excess of $250,000 in a calendar year from the sale or exchange of certain long-term capital assets such as stocks, bonds, business interests, or other investments and tangible assets.
WA Supreme Court rules capital gains tax is constitutional
WEBMar 24, 2023 · The Washington Supreme Court ruled Friday morning that the state’s new capital gains tax is constitutional in a historic decision that redraws the boundaries in a generations-long fight over whether and how to make the tax system more progressive.
News - Washington Department of Revenue
WEBJun 18, 2024 · 07/03/2024 Join the next free tax workshop in Tumwater. 06/18/2024 Join the next free tax workshop in Tacoma. 06/04/2024 Revenue adds local licensing support for city of Chewelah. 05/17/2024 Second year capital gains excise tax …
WA Supreme Court upholds capital gains tax - The Seattle Times
WEBMar 24, 2023 · The Washington state Supreme Court has upheld the constitutionality of the state’s capital gains tax, cementing a long-sought victory for state Democrats and nudging the state’s tax system in...
Washington Prepares for the ‘Super Bowl of Tax’
WEBJul 31, 2024 · Even with control of the White House and Congress up in the air, lawmakers and lobbyists are gearing up for a big debate next year over expiring measures in former President Donald Trump’s tax...
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