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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. ... If the tax is approved ...
The Seattle City Council voted 9–0 to pass the employee hours tax in May 2018, but repealed it a month later in a 7–2 vote. The Seattle head tax, officially the employee hours tax (EHT), was a proposed head tax to be levied on large employers in Seattle, Washington, United States.
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. However, Seattle City ...
Divide that by $1,000 and you get $2,304 in property taxes paid to Seattle alone for 2025. With the jump in tax revenue from homeowners, SDOT will fund high-priority transportation needs.
[20] [21] In July 2017, the Seattle City Council approved an income tax on Seattle residents, making the city the only one in the state with an income tax, [22] but it was ruled unconstitutional by the King County Superior Court. [23]
The Mayor of Seattle is head of the executive branch of city government, and the Seattle City Council, led by a Council President, is the legislative branch. The mayor of Seattle and two of the nine members of the Seattle City Council are elected at large, rather than by geographic subdivisions. The remaining seven council positions are elected ...
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