Washington state legislators this week approved a new tax on capital gains. But the bill, SB 5096 , was held up in the state Senate late Thursday where it must pass by Sunday to get the governor ...

(The Center Square) – Washington state residents who have sold long-term capital assets, such as stocks and bonds, exceeding $1 million will have to pay an increased capital gains tax. That’s ...

The State Capitol building in Olympia, Wash. (Flickr Photo via @jaremy) . Washington state’s new capital gains tax collected nearly $900 million in its first year, according to the state’s ...

Washington State capital gains tax. The Washington capital gains tax at issue is 7% on the sale or exchange of individual long-term capital assets (e.g., stocks, bonds, business interests, etc ...

Washington's first capital gains tax is one step closer to becoming law after surviving two dozen amendments by the Senate Ways and Means Committee on Tuesday. Sponsored by Sen. June Robinson, D ...

The Washington Supreme Court upheld the state's new capital gains tax. The justices ruled the tax to be a lawful excise tax - not a property or income tax.

The state of Washington filed a brief with the U.S. Supreme Court in an ongoing battle to defend the capital gains excise tax lawmakers approved in 2021. In Quinn v. Washington, the plaintiff ...

It should also be noted that the capital gains tax reportedly only impacts less than 4,000 Washington taxpayers, out of about 3.8 million state returns filed. What happens in Washington could fuel ...

Washington state officials report $433 million in payments in April, down from $786 million in 2023. Lawmakers may need to address the decline. Capital gains tax collections in Washington have ...

(The Center Square) – Washington state residents who have sold long-term capital assets, such as stocks and bonds, exceeding $1 million will have to pay an increased capital gains tax.