Washington State Capital Gains Tax: Q&A

In 2021, the State of Washington enacted a new 7% tax on long term capital gains realized by Washington residents and by nonresidents with respect to certain transactions occurring within the state.

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Douglas County Superior Court Rules Washington’s Capital Gains Tax Unconstitutional

Update: On November 30, 2022, the Washington State Supreme Court granted the attorney general’s request to allow the Washington Department of Revenue to enforce and collect the capital gains income tax while the case is being heard and decided by the state supreme court.

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Lawsuits Brought Against the Washington Capital Gains Tax

Last May, Clark Nuber published an overview of Washington state’s capital gains tax that takes effect on January 1, 2022. Shortly after the act was signed into law by Governor Inslee,

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An Overview of Washington State’s Capital Gains Tax

Senate Bill 5096, “Concerning an excise tax on gains from the sale or exchange of certain capital assets,” was passed by the Washington Legislature on April 25,

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