Washington’s New 7% Capital Gains Tax Questions Answered
By EsqSocial Corporation 03/05/21
The Washington Legislature passed Senate Bill 5096 on April 25, 2021, the last day of the 2021 Washington legislative session. SB 5096 is a state capital gains tax on individual residents of the State of Washington. The state House approved the bill 52-46; the state Senate approved the bill by a single vote margin, 25-24. Governor Inslee, who proposed a Washington capital gains tax several years ago, said that he will sign the bill into law. We provide answers to a few of the most pressing...
By: Perkins Coie