Bill: HB 2967 — 2018
Assisting Washington families by improving the fairness of the state's tax system by enacting a capital gains tax and providing property tax relief (Lytton)
Declares an intent to ask the state's citizens to reduce the state property tax levy and replace it with the capital gains excise tax.
1ST SUBSTITUTE BILL COMPARED TO ORIGINAL BILL
Eliminates capital gains tax. Eliminates the formula to reduce property taxes based on the revenue collected by the imposition of the capital gains tax. Reduces the state property tax levy for taxes levied for collection in 2019.
Hearing Date: Friday, February 16, 2018 -- 8:00 am
WA State Legislature Link:
http://app.leg.wa.gov/billsummary?BillNumber=2967&Year=2018 (opens a new browser tab)
|Financial Management||Committee Report, Do Pass Substitute||2018-02-16|