The State of Washington May No Longer Be a Tax Haven – A New Capital Gains Tax May Be on the Horizon
By EsqSocial Corporation 30/04/21
On April 25, 2021, the Washington State Legislature passed Senate Bill 5096 (SB 5096). The bill was immediately sent to Governor's Inslee's desk for signature. It brings a new tax regime to the state of Washington. Before we go into the details surrounding the new tax, I have to mention that it was challenged even before the governor had the opportunity to sign it into law. A group of potentially affected taxpayers filed a lawsuit in Douglas County, Washington, to strike down the new law as...
By: Foster Garvey PC