Initiative 2109 (I-2109) – Repealing the Capital Gains Tax

Bill brief
Taxes & Fees 

Initiative 2109 is a complete repeal of the capital gains tax established via SB 5096 (2021), eliminating all provisions contained in Chapter 82.87 RCW.
• Eliminates a 7% tax imposed on the sale or exchange of long-term capital assets.
• Reduces revenues to the Education Legacy Trust Account.
• May reduce revenues to the Common School Construction Account.


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