Governor’s income tax on capital gains bill scheduled for public hearing


January 14, 2021

OLYMPIA–The Senate Ways & Means Committee will hold a public hearing on January 14 at 4 p.m. on the Governor’s proposed income tax on capitals gains (SB 5096). Remote testimony is available and it is super easy to sign up for (I’ve already registered).

The bill defines “Federal net long-term capital gain” as “the net long-term capital gain reportable for federal income tax purposes�...

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