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(The Center Square) - A Washington lawmaker wants to shore up the state's transportation budget by gradually putting sales taxes on vehicles into the roads they'll drive on. New legislation for ...
2024 Washington Initiative 2109 – Proposed repeal of state capital gains tax 2024 Washington Initiative 2117 – Proposed repeal of state carbon tax cap and trade laws 2024 Washington Initiative 2124 – Proposal to make employee participation in state long-term care program voluntary
As of 2024, the combined sales tax rate in Seattle was 10.25%. The Snohomish County cities of Lynnwood, Mill Creek, Mukilteo are tied for the highest sales tax rate in the state at 10.6%. [184] These taxes apply to services as well as products, but not most foods due to a 1977 ballot measure.
The initiative was brought to the state legislature by Let's Go Washington, a Redmond-based political action committee founded by businessman and hedge-fund manager Brian Heywood. [1] [2] The initiative would have repeal SB 5096, which created a 7% capital gains tax on the sale of long-term capital assets (i.e. stocks, bonds and business ...
(The Center Square) – Democrats in the Washington State Legislature have been hinting that tax increases will be necessary to deal with a projected operating budget deficit of between $10 ...
State data shows just 38 households in Benton and Franklin counties have had to pay the capital gains tax. In turn, the taxes created an estimated 340 jobs in the area.
A measure creating a State Timber Resources Board which would have final say on all purchases and sales relating to state timber and state forest land [64] Failed [65] 107,731 (20.34%) 422,026 (79.66%) House Joint Resolution 9 An amendment allowing the state to impose property tax on federal property in the state [64] Passed [65] 235,819 (56.08%)
This measure takes aim at the capital gains tax, which lawmakers approved in 2021 and the state Supreme Court upheld in 2022. It generated about $786 million in 2023, its first year of collections.