Judge overturns Washington state’s new capital gains tax
UPDATED [12:29 AM MARCH 2, 2022]: Added the Republican response to the capital gain tax ruling DOUGLAS COUNTY, March 1, 2022 – Today, Douglas County Superior Court Judge Brian Huber overturned a new capital gains tax that was signed into law last year by Governor Jay Inslee. Huber ruled that it is an unconstitutional tax […]
State Senate approves 7% capital gains tax
By Mario Lotmore | Lynnwood Times Staff Olympia, Wash., March 6, 2021 – Today the Washington state Senate narrowly passed SB 5096 to impose a 7% capital tax on the sale of stocks, bonds, and other high-end assets in excess of $250,000 for both individuals and couples. Those persons who profit more than $250,000 in […]
