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(The Center Square) – A general income tax in Washington state appears to be off the table for now, even as voters retained the state’s capital gains tax by failing to pass Initiative 2109 on ...
Supporters of repealing the capital gains tax warned that it was a stepping stone to subverting Washington's ban on income taxes. The capital gains tax levies a 7% tax on the sale or exchange of ...
Consider this report from KING 5 News: "Tax increases, and potentially new tax proposals, will be on the table when Washington state legislators convene in Olympia in January for an historic session."
The two cases were consolidated and, on March 2nd, 2022, Douglas County Superior Court Judge Brian Huber sided with the plaintiffs and struck down the capital gains tax as an illegal income tax. [14] On appeal, the state Supreme Court overturned the district court ruling in a 7-2 decision, upholding the constitutionality of the capital gains ...
In March 2022, a Douglas County Superior Court judge sided with the plaintiffs ruling that the tax was an income tax [31] and therefore unconstitutional in Washington State. This ruling was overturned by the Washington State Supreme Court in March 2023, which ruled that the tax was an excise tax, rather than an income tax. [24]
In one notable shift, Trump is now pledging to reverse the $10,000 cap on state and local tax (SALT) deductions that he himself signed into law.. And he could have bipartisan support for at least ...
But in a 5-4 decision the following year, the state Supreme Court struck it down, ruling that a tax on income was a tax on property — and the state Constitution says property taxes must be ...
A new recurring tax credit is available, one which could give up to $1,200 to eligible low-to-moderate-income Washington families. Food Stamps: What Is the Maximum SNAP EBT Benefit for 2023?Find: 3...