As the debate over a capital gains tax in Washington continues, it’s looking more and more likely that the farming community will be subject to those taxes, despite earlier assurances that they wouldn’t be. At issue is the constitutionality of the capital gains tax passed by lawmakers in April 2021, that looks to issue a 7% tax on all transactions of $250,000 or great. The issue is curren...
Rea
OLYMPIA, Wash. - On a vote of 52-to-46, the Washington State House of Representatives has voted to pass a 7-percent tax on capital gains along party lines.
Originally, Republican Bruce Chandler of Granger voted "Yes" for the tax, but after a question was raised, there was a re-vote and Chandler voted "No."
...