Page 25 - Chris Corry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Austin Jenkins / Northwest News Network The 52 to 46 vote followed an hours-long debate that spanned two days.  Under the measure, the tax would go into effect next January with the first payments due in April 2023. An estimated 7,000 taxpayers would pay the tax in a given year, according to a fiscal analysis of the bill. It would raise an estimated half-a-billion dollars a year.  The proceeds would go into the state’s Education Legacy Trust Account earmarked for education-related spending. Specifically, supporters say, the money would go to pay for an expansion of childcare and early ...

Washington House approves new tax on capital gains RACHEL LA CORTE, Associated Press April 21, 2021 FacebookTwitterEmail 14 1of14Gary Holt, who reads bills being considered in the Washington House, wears a mask as he sits behind a plexiglass shield with reflections of state representatives meeting remotely on it, Wednesday, April 21, 2021, at the Capitol in Olympia Wash. The House was considering a proposed new tax in Washington state on capital gains that would be imposed on the sale of stocks and bonds in excess of $250,000.Ted S. Warren/APShow MoreShow Less 2of14Daffodils bloo...

The measure passed on a 52-46 vote after nearly two hours of debate in the Democratic-led chamber. Supporters of the tax say that Washington — one of just a few states without an income tax — leans too heavily on its sales tax, disproportionately affecting those with less income. The money expected to be raised is tagged for child care and early learning. Democratic Rep. Noel Frame said the measure is taking “another gigantic step towards justice for the working people of Washington state by finally asking the wealthiest among us to pay their fair share.” “We must reb...

Legislators in the Washington House approved a bill on Wednesday that calls for a capital gains tax. The measure now returns to the Senate, which passed a similar bill earlier this year. Credit: Austin Jenkins / Northwest News Network After lengthy debate, Washington House passes capital gains tax By The 52 to 46 vote followed an hours-long debate that spanned two days. Under the measure, the tax would go into effect next January with the first payments due in April 2023. An estimated 7,000 taxpayers would pay the tax in a given year, according to a fiscal analysis of the bil...

State Rep. Chris Corry Has A Legislative Update !4th District State Representative Chris Corry was back on KIT's Morning News again today for a legislative update. Corry says Covid-19 continues to dominate most conversations and is referenced in most bills coming out of the Democratically controlled House of Representatives. The Governor's death grip on emergency powers continues to be a frustration for most if not all of the State's Republicans and Corry says efforts are underway to pass legislation that would limit emergency powers to 50 days but that could be extended with legislative supp...