In 2021, lawmakers smartly listened to community advocates and passed this tax on extraordinary profits, to help ensure that the ultra-wealthy pay what they owe in taxes. It also makes our state tax code more equitable and provides critical funding to schools and child care. And in 2023, the state Supreme Court upheld the tax as constitutional.
Blog Post Press release: Washington state no longer has worst tax code in U.S.
Blog Post Huge victory for tax justice
Blog Post Equitable new revenue is the only path to a just state budget
Blog Post It’s time to rule: State Supreme Court should uphold commonsense tax
Blog Post Press release: Capital gains tax is constitutional, and needed, say tax law experts and advocates
Brief/Report Amicus brief: The capital gains tax will help fix our state tax code
Brief/Report Amicus brief: The capital gains tax supports rural communities
Brief/Report Amicus brief: The capital gains tax is constitutional