Read what elected officials, advocacy organizations, and other think tanks are saying about the Washington State Supreme Court’s decision upholding the capital gains tax on the wealthy.
Daily Archives: March 24th, 2023
Posted inLitigation
VICTORY! Washington State Supreme Court upholds new capital gains tax on the wealthy
The Court voted 7–2 in favor of finding that Engrossed Substitute Senate Bill 5096 (the law that created the capital gains tax) is indeed an excise tax. The majority opinion, authored by Associate Justice Debra L. Stephens, also rejected the Quinn plaintiffs’ other arguments, affirming the law’s constitutionality.