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Legislative Update from January 25, 2022

Legislative Update from January 25, 2022
Jan 26, 2022 · 1m 30s

Members of the senate business, financial services, and trade committee convened to discuss a new proposal for tax reform in Washington state. Senate bill 5769 aims to exempt state property...

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Members of the senate business, financial services, and trade committee convened to discuss a new proposal for tax reform in Washington state. Senate bill 5769 aims to exempt state property taxes on homes worth at least two-hundred-and-fifty-thousand dollars, and to eliminate B&O taxes for manufacturers. The bill also proposes to repeal the capital gains tax and Washington’s long-term care tax program.
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