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WA Supreme Court Capital Gains Tax

Seyfarth Shaw LLP

Washington Now Has an Income Tax

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The Washington State Supreme Court ruled on March 24, 2023 that the state’s new capital gains tax is constitutional in a landmark decision that will forever change the battle on how to make Washington’s tax system more...more

Perkins Coie

Washington Capital Gains Tax Upheld by State Supreme Court: Questions Answered

Perkins Coie on

On March 24, 2023, the Washington Supreme Court upheld the state capital gains tax as a constitutional excise tax. The decision overturns the Douglas County Superior Court’s ruling that the tax is an unconstitutional tax on...more

Schwabe, Williamson & Wyatt PC

Washington State Supreme Court Upholds Capital Gains Tax

We previously provided an update regarding the enactment of a capital gains tax (the “Tax”) in the State of Washington (read about it here). In that article, we noted the Tax was subject to at least one lawsuit in Washington....more

Stoel Rives LLP

Washington Supreme Court Upholds Capital Gains Tax

Stoel Rives LLP on

Effective January 1, 2022, Washington law imposes a 7% tax on gains over $250,000 per year from the sale or exchange of long-term capital assets allocated to Washington such as stocks, bonds, business interests, or other...more

Foster Garvey PC

When It Rains, It Pours in Washington State – The Washington Supreme Court Upholds the 2021 Enacted Capital Gains Tax

Foster Garvey PC on

It is a rainy day in the Pacific Northwest with chances of snow showers. For those taxpayers that reside in the state of Washington or own highly appreciated capital assets located in the state, their day just got a bit...more

Foster Garvey PC

Taxpayers Take a Hit in the Washington Capital Gains Tax Battle

Foster Garvey PC on

By motion dated November 3, 2022, the Washington State Attorney General asked the Supreme Court of the State of Washington to allow the Washington Department of Revenue to implement and collect the capital gains tax struck...more

Foster Garvey PC

The Washington State Capital Gains Tax May Have More Than Nine Lives – The Saga Continues With the State Attorney General...

Foster Garvey PC on

As I previously reported, the Washington state capital gains tax has had a turbulent ride, commencing with a rough ride through the legislative process where it almost hit disastrous terrain on at least six (6) occasions....more

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