Capital Gains Tax – Call to Action
As many of you who follow the Association know, there is a movement to implement a Capital Gains tax to help with Washington’s budget efforts. As was mentioned earlier, however, it looks like those efforts are waning, but we NEED YOUR HELP to finish it off once and for all!
The proposal to create a new state capital gains tax continues to get support from the House budget leaders and Governor Inslee. While the capital gains income tax proposal could exclude income from certain gains from the sale of primary residential properties, the proposal could impact some residential properties as well as commercial properties and residential rental properties!
This tax would have an enormous impact on our clients! Please click the link to tell our legislators “NO” on a capital gains tax on real estate!