KUOW - Taxes, police reform and environment. Washington legislators wrap 'historic' session kuow.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuow.org Daily Mail and Mail on Sunday newspapers.
Austin Jenkins / NW News Network
Fifteen weeks ago, majority Democrats in the Washington Legislature convened a 105-day session vowing to address the fallout from COVID-19, police accountability, greenhouse gas emissions and issues of racial justice.
On Sunday, Democrats adjourned the session having accomplished much of what they set out to do, including passage of a number of sweeping bills that Gov. Jay Inslee, in a statement, called “historic” in nature. This session s accomplishments are as important to the long-term well-being of our state as any session I ve seen, Inslee said in prepared remarks.
The final weekend proved a whirlwind. Among their final acts, Democrats approved a roughly $59 billion, two-year state operating budget along with a new – and long-elusive – capital gains tax aimed at Washington’s wealthiest residents.
Taxes, police reform and environment. Washington legislators wrap historic session
Fifteen weeks ago, majority Democrats in the Washington Legislature convened a 105-day session vowing to address the fallout from COVID-19, police accountability, greenhouse gas emissions and issues of racial justice.
On Sunday, Democrats adjourned the session having accomplished much of what they set out to do, including passage of a number of sweeping bills that Gov. Jay Inslee, in a statement, called âhistoricâ in nature. This session s accomplishments are as important to the long-term well-being of our state as any session I ve seen, Inslee said in prepared remarks.
The final weekend proved a whirlwind. Among their final acts, Democrats approved a roughly $59 billion, two-year state operating budget along with a new â and long-elusive â capital gains tax aimed at Washingtonâs wealthiest residents.
Taxes, police reform and environment. Washington legislators wrap 'historic' session nwnewsnetwork.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwnewsnetwork.org Daily Mail and Mail on Sunday newspapers.
Capital Gains Tax Likely Proposed in WA 2021 Legislative Session
If submitted, such a bill would likely trigger a lawsuit which could end up determining whether income is considered property.
House Democrat Noel Frame is the chairman of the State Tax Structure Work Group, she plans to submit a report to the legislature next month on possible changes to the state s tax codes. In past sessions, she has submitted bills that would create a capital gains tax.
Apparently the legislature is also considering replacing the Business and Occupation Tax with a corporate income tax, but the rate would be so high it would be a big obstacle to get over.