Washington concluded an eventful legislative session with the largest set of tax increases in the state's history. This Update focuses on two significant changes that affect Washington residents and a senate bill proposal...more
6/4/2025
/ Capital Gains Tax ,
Estate Planning ,
Estate Tax ,
New Legislation ,
Proposed Legislation ,
State Taxes ,
Tax Policy ,
Tax Rates ,
Tax Reform ,
Washington ,
Wealth Tax
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...more
5/3/2021
/ Capital Gains ,
Governor Inslee ,
Income Taxes ,
IRS ,
New Legislation ,
Referendums ,
State Legislatures ,
Tax Deductions ,
Tax Exemptions ,
Tax Reform ,
Trusts ,
WA Supreme Court