Inslee signs capital gains excise tax into law

FOR IMMEDIATE RELEASE: May 4, 2021 OLYMPIA – Earlier today, Gov. Jay Inslee signed a critical piece of tax reform legislation. Senate Bill 5096, sponsored by Sen. June Robinson, D-Everett, enacts a capital gains excise tax to fund the expansion and affordability of child care, early learning, and the state’s paramount duty to provide an education for the children of Washington. “This important step to rebuild our unfair tax code was taken after years of work, years of dialogue, and thousands of voices calling for this policy,” said Robinson, who also serves as the Operating & Revenue Vice Chair of the Senate Ways & Means Committee. “We’ve heard that people from every part of our state are ready to move toward a ...

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