Search results
Results from the WOW.Com Content Network
Seattle City Councilmember Cathy Moore is proposing a local 2% capital gains excise tax that would be applicable to non-retirement financial gains over $250,000. ... Real estate sales are also ...
Prior to the passage of the capital gains tax, Washington State had the most regressive tax system of any state in the US. [9] The wealthiest 1% paid just 3% of their income in state taxes, while the poorest 20% paid 17.8%. [10] Advocates had long proposed a capital gains tax in order to help reduce this gap.
This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
Tim Brigman argues raising the Real Estate Excise Tax to fund affordable housing would be counterproductive, leaving many renters worse off. | Opinion Affordable housing is noble goal.
Seattle Housing Authority is an independent public corporation in the city of Seattle, Washington, responsible for public housing for low-income, elderly, and disabled residents. SHA serves more than 25,500 people, just under a third of whom are children, through around 5,200 HUD units, 1,000 units for the elderly and disabled, and 800 ...
Council Bill 120908 would have imposed a local 2% capital gains excise tax applicable to non-retirement financial gains over $250,000 if approved by the city council. ... Seattle City ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
(The Center Square) – Seattle Mayor Bruce Harrell signed off on legislation to expand “co-living” housing units, which studies show are cheaper to create and boost affordable housing.