SB 5096 – Capital Gains Income Tax

Bill brief
State Budgets Taxes & Fees 

Washington is one of eight states with no individual income tax. Democrats have proposed taxing capital gains income nearly every session since 2013. Gov. Inslee’s budget proposal for 2021 proposed a 9 percent tax on gains above $25,000 for individuals, $50,000 for joint filers.


Bill Numbers:
SB 5096 (2021-22)

Keywords:
Capital gains tax Education Legacy Trust Account (ELTA) Family-owned small business


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