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It imposes a 7% tax on the sale of stocks, bonds and other high-end assets in excess of $250,000 for both individuals and couples.

Queen Anne & Magnolia News Ruairi Vaughan, Contributing writer Courtesy photo Washington state Capitol Rep. Noel Frame 2 The Washington state Legislature closed its legislative session Monday after a session unlike any other. The enormity last year’s events demanded a robust response from Washington’s lawmakers, who worked hard to step up to the plate — despite the difficult circumstances under which they were required to work. One issue loomed over everything the state’s lawmakers did — the global coronavirus pandemic. Washington was the site...

State Legislature closes doors on 2021 session Ruairi Vaughan, Contributing writer Courtesy photo: Washington state Capitol The Washington state Legislature closed its legislative session Monday after a session unlike any other. The enormity last year’s events demanded a robust response from Washington’s lawmakers, who worked hard to step up to the plate — despite the difficult circumstances under which they were required to work. One issue loomed over everything the state’s lawmakers did — the global coronavirus pandemic. Washington was the site of the first rec...

No plan to expand capital gains excise tax to larger group of Washingtonians, Inslee says Opponents of the capital gains excise tax have argued it will pave the way for an income tax. Author: KING 5 Staff Updated: 5:55 PM PDT April 26, 2021 OLYMPIA, Wash. — After signing Washington state's new capital gains excise tax into law Monday, Gov. Jay Inslee squashed the idea that there are plans to expand the threshold in order to spread the tax to a larger group of people. Opponents of the capital gains tax have argued it will pave the way for an income tax. Inslee...