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State Taxes Income Taxes Governor Inslee

Foster Garvey PC

Two Lawsuits Are Better Than One – A Second Lawsuit Was Filed to Strike Down the New Washington State Capital Gains Tax

Foster Garvey PC on

As I previously reported, on May 4, 2021, Washington State Governor Jay Inslee signed Senate Bill 5096 ("SB 5096") into law, creating the state's first capital gains tax. It is set to go into effect on January 1, 2022....more

Stoel Rives LLP

Washington Governor Signs Into Law New Tax on Capital Gains

Stoel Rives LLP on

On May 4, 2021, Governor Jay Inslee signed into law Senate Bill (SB) 5096, a bill creating a new Washington state excise tax on the sale or exchange of certain capital assets....more

BakerHostetler

[Podcast] Washington's New Capital Gains Tax: A Stepping Stone to an Income Tax?

BakerHostetler on

Last week, Governor Inslee signed SB 5096, which enacted a 7% individual capital gains tax. What does this mean for the future of a progressive income tax in Washington? Will it survive a court challenge? Matt Hunsaker breaks...more

Foster Garvey PC

The Colorful and Continuing Journey of Senate Bill 5096 – the New Washington State Capital Gains Tax

Foster Garvey PC on

On May 4, 2021, Washington Governor Jay Inslee signed Senate Bill 5096 ("SB 5096") into law, creating a capital gains tax regime in Washington. The bill has had a brief, but colorful journey so far. It appears that the...more

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