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Washington Legislature approves capital gains tax


Washington Legislature approves capital gains tax
Updated 8:37 AM;
OLYMPIA A new capital gains tax on high-profit stocks, bonds and other assets was approved Sunday by the Washington Legislature and now heads to Gov. Jay Inslee for his signature.
Once signed into law, the measure is certain to face a legal challenge from opponents who say the measure is a tax on income that violates the state constitution.
The measure narrowly passed the Democratic-led Senate on a 25-24 vote Sunday afternoon, following a 52-44 vote Saturday night in the House.
“This is a step towards asking those who can pay a little more in taxes to do that for the sake of all Washingtonians, for the sake of creating a safer and healthier future for our state,” said Democratic Sen. June Robinson. ....

United States , June Robinson , Jay Inslee , Keith Wagoner , Supreme Court , Senate Democrats , Washington Legislature , Democratic Led Senate , ஒன்றுபட்டது மாநிலங்களில் , ஜூன் ராபின்சன் , ஜெய் இன்சிலீ , கேய்ட் வேகன் , உச்ச நீதிமன்றம் , செனட் ஜனநாயகவாதிகள் , வாஷிங்டன் சட்டமன்றம் , ஜனநாயக வழிநடத்தியது செனட் ,

Washington Legislature approves new capital gains tax


Washington Legislature approves new capital gains tax
RACHEL LA CORTE, Associated Press
April 25, 2021
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Daffodils bloom outside the Legislative Building, Wednesday, April 21, 2021, at the Capitol in Olympia, Wash. On Wednesday, lawmakers were 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/AP
OLYMPIA, Wash. (AP) A new capital gains tax on high-profit stocks, bonds and other assets was approved Sunday by the Washington Legislature and now heads to Gov. Jay Inslee for his signature.
Once signed into law, the measure is certain to face a legal challenge from opponents who say the measure is a tax on income that violates the state constitution. ....

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