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ACLU and advocates file lawsuit over Compassion Seattle ballot initiative

ACLU and advocates file lawsuit over Compassion Seattle ballot initiative
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Former Washington AG joins latest lawsuit against state s newly-approved capital gains tax

How Washington s political divisions are driving a troubling rise in recalls

Washington s newly-passed capital gains tax faces first legal challenge

Excise or income? Washington state capital gains tax already faces a lawsuit — here s what to know

Excise or income? Washington state capital gains tax already faces a lawsuit here’s what to know April 29, 2021 at 10:23 am (Bigstock Photo) The conservative Freedom Foundation filed a lawsuit Wednesday in an effort to stop the capital gains tax approved by the Washington state legislature only four days ago. The legislation places a 7% excise tax on the sale of stocks, bonds, and businesses the first tax of its type in state history. The lawsuit, expected by both proponents and opponents of the new tax, asserts that the new tax is illegal under the Washington state constitution which sharply limits income taxes. Backers of the tax, approved in the form of SB 5096, counter that the tax isn’t an income tax at all but an excise tax which is common and legal in the state.

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