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May 6, 2021

Amid legal challenge, capital gains tax signed into law

  • Opponents say the measure is a tax on income that violates previous state Supreme Court rulings and the state constitution because it is not a uniform taxation on property.
    Associated Press

    OLYMPIA — A new capital gains tax on high profit stocks, bonds and other assets was signed into law Tuesday by Washington Gov. Jay Inslee.

    A legal challenge against the tax has already started, with one lawsuit filed last week and another expected.

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