WA Groups Push Supreme Court to Hear Capital Gains Tax Case
WA state is the only one in the US trying to call the capital gains (income) tax an excise tax.
capital gains
Legal Challenges Already Brewing on State Capital Gains Tax Rulin
The Freedom Foundation released a statement heading into the weekend.
SSC Hearing Biggest Case in Washington State History
It's not an exaggeration. The Washington State Supreme Court began hearing arguments today on whether SB 5096, passed in 2021, is Constitutional.
Muzzall: Capital Gains Tax Likely To Hit Ag
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
Why is State Collecting Cap Gains Tax 'Early?' See Their Reasons
The Department of Revenue offered up their reasons for asking to collect the tax before the State Supreme Court even makes a decision
Capital Gains Tax Update
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."
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