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The new motor vehicle excise tax (MVET; also known as "car tabs") took effect on March 1, 2017, raising the rate from 0.3 percent to 1.1 percent per $10,000 of a vehicle's depreciated value. [111] [112] The first reminders for car tab renewals were sent to vehicle owners in January, leading to "sticker shock" and public outcry. [113]
In 1996, voters within the RTA approved increases in sales taxes and vehicle excise taxes to pay for a US$3.9 billion transit package that included $1.7 billion for a 25-mile light rail system. [11] The system included a streetcar in Tacoma, Washington which would become the T Line , and another line from the University District in north ...
Sound Transit's primary revenue sources, sales tax and the motor vehicle excise tax, began to decline in late 2008 as a result of the ongoing economic recession. [175] By late 2010, the agency expected that it would have a shortfall of $3.9 billion (equivalent to $5.32 billion in 2023 dollars) [ 46 ] through the lifetime of the ST2 program ...
(The Center Square) – Seattle voters have approved the largest tax proposal in city history, with revenue going toward transportation needs. Tuesday night results show the levy receiving 67% of ...
(The Center Square) – The Seattle City Council has rejected a proposed local capital gains tax, but the bill could be brought back as soon as early next year. Council Bill 120908 would have ...
In 2023, 816 taxpayers in Seattle paid the state capital gains tax. Out of the 816, 163 paid 85.7% of the state capital gains tax. Seattle City Councilmember Cathy Moore is the prime sponsor of ...
An aluminum sales tax token from the state of Washington, valued at 2 mills (1 ⁄ 5 cent) and good for the "tax on purchase of 10 cents or less" under the state's 2% retail sales tax law. The twelve states that issued these sales tax tokens were Alabama , Arizona , Colorado , Illinois , Kansas , Louisiana , Mississippi , Missouri , New Mexico ...
The combined state and local retail sales tax rates increase the taxes paid by consumers, depending on the variable local sales tax rates, generally between 7.5 and 10 percent. [1] As of March 2017, the combined sales tax rate in Seattle and Tacoma was 10.1 percent. [2]